After enduring the choppy washout trend with sharp ups and downs, this exhausting rhythm pins everything down: the upward move has no follow-through, pullbacks lack strength, and even retail traders are left without direction by this maze-like trap. But one thing remains unchanged: no matter whether the market is going up or down, don’t chase longs at high levels, and don’t chase shorts at low levels.

#比特币反弹 In the afternoon, Bitcoin’s second attempt to push higher stalled again around the 778 area. This shows that the resistance above at 770 is quite strong. Although the short-term trend is tilted toward the bulls, it’s not advisable to chase longs because it doesn’t provide pullback room. So tonight, we continue to keep our high-short stance unchanged; after it drops, go long more. For reference, sell from the 765-768 zone with targets at 750-740. Once the target is reached, don’t extend the move—switch to a long position again. #美伊二轮谈判进展