Genius traders are not machines that are always correct. When the funding and information surfaces become disordered, experiencing phase losses is actually the norm. What truly sets apart successful traders is not “never making mistakes,” but rather sticking to their market logic even amid chaos.

So the core is not about chasing news, but about refining a personal observation system and repeatedly verifying and executing it.

Returning to the market itself—
Yesterday’s price stabilized above 75,800 and then started to rise, reaching a high of 78,300. We took a long position based on “closing above 75,800,” which was a clear logic, well-executed, and resulted in a straightforward profit, exemplifying a standard trend-following trade.

But the market doesn’t move along a single line. Today’s price retreated back near the starting point, and if we set aside all external information and only look at the market structure, a few key points emerge:
• A clear concentration of short positions around 78,000 above, representing a zone of batch hedging and profit-taking
• A retest of 75,800 below, indicating that the momentum after the previous breakout is beginning to weaken
• A large amount of floating profit positions being realized during the session, suggesting short-term sentiment has entered a “harvesting phase”

These signals together essentially indicate that this upward push is more like a phase conclusion rather than a continuation of the trend.

The next rhythm is very clear—
If the retest holds, the first key target zone to watch below is around 70,400–69,700, which is the critical area for the next phase of bulls and bears to re-engage.

As for the larger structure, I previously mentioned that the high point of this “bear market rebound” theory is around 85,000, but that is not an immediate space to realize profits. It’s more aligned with the evolution targets within the 5–6 month cycle, with ongoing fluctuations and rhythm shifts in between.

To sum up in one sentence:
Profiting from the trend, respect the knife of volatility.
Trade decisively when following the trend, and don’t hesitate to exit when it’s time. #GatePreIPOs首发SpaceX $BTC