Next stop, going ashore. 📉

Many people have been asking these days: what to do if your short position is trapped? Is a reversal to a bull market coming?

I'll give a direct conclusion:
It's still too early to talk about a bull market; this downward cycle has not ended yet, and 66,000 remains the core target zone.

That sharp drop this morning doesn't require over-interpretation.
The lack of results in Iran-U.S. negotiations is already within market expectations.

In other words, this is not a "sudden" event, but a "continuation."
Geopolitical conflicts have not substantially eased, so risk premiums won't disappear easily.

Now, let's look at the market's own rhythm:

Many people yesterday just broke through 73,000 and rushed to buy longs, thinking the trend was reversing.

But they were quickly educated by the market.

The most dangerous thing in trading is never wrong direction, but following emotions with the price.

Rising a little and chasing the rally, falling a little and chasing the short—this rhythm is basically doomed to be whipped back and forth.

Looking at the chart from another angle:

If this really is a strong trend initiation,
funds could completely break through the upper zone in one go and test higher levels.

But the reality is—
it's been repeatedly pulling, oscillating, and enticing longs at high levels.

What does this indicate?

The market is more like "changing hands" rather than "taking off."
$BTC
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