1. Today both bulls and bears in this market are foolish. The bulldozer-like rise of BTC and ETH is not a natural rebound after a significant drop; it is entirely about short squeezing and liquidity harvesting! Ever since Trump announced an attack on Iran, the S&P 500 has hit a new low for the year, while gold, silver, and copper are all falling, and only BTC is surging alongside oil prices. Why? Because the big players won't allow it.

2. What everyone is most concerned about is, how far can this wave rise? How should we operate? Uncle's recent logic remains consistent: the first resistance above is the current 74K position, which is a boundary for short-term trends. The likelihood of a direct breakthrough at the daily level is low; if it doesn't break through, it will naturally turn downwards. Further up is the strong resistance at 78K. For leveraged short trades at this position, what they fear most is a false breakout followed by a sharp drop, and that could lead to a deep and reckless decline, wiping out the right positions.

3. Right now, the most confusing part is whether this wave of increase so far will experience a false breakout before a downturn. Market fluctuations have their basic laws; currently, the local market relies entirely on liquidity support, and it's natural for profit-taking to happen at a time point we don't know. It's all about whether we can grasp this rhythm. After BTC hit a short-term new high today, it has been consolidating at a high level. Given this market structure, the probability of breaking through the intraday high again is gradually increasing; we just need to see the market's reaction after another rise.

4. Of course, we can't control the big players' thinking; we just need to follow the established points in our operations. We should earn when we can and accept losses when necessary. First, regarding short-term contracts, we mentioned a few days ago the strong pressure range of 72K-74K, and we can build short positions in batches. The stop-loss must be set above 75.5K, keeping a distance from the high point of a false breakout. If it genuinely goes up, it becomes a true breakout. For the long term, there isn't much of a view right now; the bearish trend on the daily and weekly charts hasn't changed, and we won't consider ambushing or chasing after rises until a trend reversal signal is confirmed.

5. Making profits and losses in trading is normal. What is abnormal is when planned operations lead to emotional fluctuations due to irrational market adjustments, resulting in actions outside the original strategy, causing unnecessary losses. Execute according to the plan, just like the old devil—once the position is opened, the strategic resolve is extraordinarily strong.