The recent trend of BTC has actually provided very clear signals: emotional peak, weak structure, and large fluctuations. Any blind buying the dip is contributing to the market.

Many people see analysis institutions saying "the probability of BTC dropping below 90,000 is approaching 50%" and are still hesitating whether to buy the dip. I can only say one thing - while you hesitate, the market never hesitates.
The current market is just waiting for a trigger.

As long as Powell releases a statement of "no rate cut" or "delay rate cut" before the December rate meeting, risk assets will immediately be amplified by emotions. The current high-level fluctuation of BTC is essentially a game of expectations with funds. Bulls dare not rush in, and bears dare not let go; everyone is waiting for direction, but structurally it is clear: upward movement lacks volume, while downward movement is smooth.

This has also been my consistent viewpoint during this period.

Working at a high altitude is the position for maximizing profits.

Why?

Because at this stage it is not a trend trade, but an emotional trade. To make a profit from an emotional trade, one must stand at key resistance levels, waiting for the market to bring the "wrong trades" to you.

If you go long, as long as there is a sentiment reversal, your position will be the fuel for others to take profit.

You are shorting at a high position, and as long as the structure weakens, your profits will react faster than others.

Today I still maintain my original judgment:

BTC may not be able to break through yesterday's high. If it can't break through, funds will choose to find support downward at a faster pace. Conversely, even if there is a short surge, it won't change the fact that the overall trend is weak.

Market trends are not based on guesswork, but on position + probability.

When the position is right, you take action; when the position is not right, you wait.

This is the biggest difference between professional traders and emotional traders.
Staying in rhythm is more important than anything else.

The cryptocurrency market is filled with uncertainty and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the associated risks, remain calm and rational, and respond to market changes with a sound strategy!