Most market participants are currently in a state of torment: short sellers, volatility traders, options players, and spot investors waiting to buy the dip are all struggling, only those with no positions or long-term holdings are relatively comfortable. The main force is likely to continue maintaining a range of 79k to 84k, achieving a short squeeze through long and short double kills. Three possible scenarios to break the balance: 1) After exhausting the short positions in the squeeze, they reverse and kill the longs, initiating a pullback; 2) External macro risks or black swan events cause a sharp decline; 3) The short squeeze evolves into a genuine bull market, breaking through 90k. Until then, oscillation and torment remain the main theme. I opened a low-leverage short position myself, but the holding experience is not good. #Gate广场五月交易分享