Reviewing the recent overall trend of Bitcoin and Ethereum, it’s quite clear to see the main players’ manipulation intentions. Previously, everyone was trading with a bearish mindset, but now the market trend has been subtly guiding the market, gradually shifting everyone’s thinking and forming a widespread expectation of a bull market from a bear market. Looking at the current long and short position data, it’s obvious that long positions far exceed short positions, and the market’s bullish sentiment has been fully ignited.

In my opinion, the big players have actually been playing a grand chess game all along. The reason why the bulls currently hold the advantage is because recent price movements repeatedly surged higher, with many traders trying to chase breakouts, betting on Bitcoin hitting new highs, and blindly following the trend to go long. But a careful analysis reveals that there are too many long positions chasing the move, and the positions are too heavy, making it impossible to directly push the price strongly and break through in one go.

Therefore, in the short term, it’s unlikely to see a straightforward upward trend; instead, the market will likely enter a range-bound consolidation and shakeout. Especially since the overall bullish sentiment for Bitcoin is overly intense right now, the main players’ most common tactic is to first shake out the market with some consolidation, then trigger a sharp pullback to wash out those retail traders who entered late or at unfavorable points. Once the market’s floating positions are cleaned out and the positions lighten, the real upward move will then begin.

Looking at the weekly trend, I still favor a pattern of sideways movement with a slight weakness. In terms of trading strategy, I personally do not recommend blindly chasing longs. If the market initially rebounds or pulls back during the day, we can use yesterday’s second-highest level as a stop-loss, and gradually establish short positions within the 81,700-82,100 range, with a stop at 82,600. The first target is 80,500. If it breaks below 80,500, then we can follow the trend downward toward around 79,500.