The so-called "King" suddenly delayed the ceasefire, and market sentiment was instantly ignited. Bitcoin immediately entered a unilateral mode, pushing strongly from 74,700 all the way to 78,400, nearly a 4,000-point range. Such operations are no longer new to the market. They say they want to stop, but their hands don’t loosen; the rhythm jumps back and forth. Essentially, they want to close the position, but Iran doesn’t cooperate. This kind of game is destined not to be easily settled, and the tug-of-war over news will continue to play out repeatedly.

But the focus has never been on the news, but on the market itself. Now that the price stays above 78,000, the market’s voice has already become consistent: 80,000 is just a transition, and 85,000 is just around the corner. Sentiment is fermenting, bulls are expanding, and FOMO is spreading — which is precisely the most dangerous signal.

Returning to the market itself, Bitcoin has now risen above 78,000. Many believe it will rise to 80,000 or even 85,000, but I don’t think so. Currently, most people are highly bullish, all rushing into long positions. However, the big players’ intention is to squeeze the shorts, hunt the bears. Once the shorts are wiped out and the fees are normalized, the next move will be by the bulls. So I think this top might be between 78,800 and 79,500. After clearing the liquidity above, the overall trend will turn downward. This is also a good time to set up for a long-term short position.

So, Little Zhuge has a word of advice: the craziest market moments are often the end.