Don’t be fooled by appearances! The US-Iran easing is only an appetizer—Wosh’s remarks in the early hours of Thursday are the key turning point that will determine the direction of the market!

On Monday, the market surged on favorable news, and many people mistakenly thought a bull market had restarted. Reminder: this is only a brief warm-up—the real test hasn’t arrived yet.

Focus closely on two major developments: the Bank of Japan on Tuesday, and the Federal Reserve’s decision in the early hours of Thursday. The market has completely failed to anticipate the Fed’s hawkish stance.

This time, Wosh’s appearance is expected to be high-profile and hawkish. Once the language related to rate cuts is deleted and all expectations for rate cuts within the year are dashed, it means inflation pressure is still there, and rate hikes could come rushing back at any time. Liquidity tightening is essentially withdrawing the lifeblood from the crypto space.

The current rebound is filled with the appearance of strength—an all-out “fake breakout” scheme designed to lure longs. Once the hawkish stance lands on Thursday, risk assets will inevitably come under collective pressure. This week’s approach: go long first, then short.

Big Cake: rebound from 664-676; build long-term short positions in batches; target down to 653-646-631.

Small Cake: rebound from 1730-1760; build long-term short positions in batches; target down to 1680-1600-1530.