In August 2025, during the peak of the bull market, someone positioned for a short at the 126k top area. After the price declined as expected to the target level, the market oscillated around this price point near 80k—this sideways consolidation has lasted for 7 weeks, indicating that the bulls and bears are still in a tug-of-war.

The next key observation point is in the 70-75k range. But this does not mean rushing to short. The real opportunity lies at higher levels—if the price rebounds back to the 97-107k zone, that would be an ideal window to increase short positions. The logic behind this approach is: the closer to the previous high, the more energy there may be for a reversal.

In other words, the current low zone mainly indicates that the true trading opportunities will only appear when the price moves back up to the key resistance area. The advantage of this approach is to make the risk-reward ratio more reasonable and avoid excessive uncertainty at the bottom.