Let’s talk about the current market trend—according to my judgment last week, the sharp drop on Monday was pretty fierce, but the rebound was also quick. Now it’s already Thursday, and the overall rhythm is: fast drop, fast pull-up. Personally, I still lean toward a strong bullish outlook.

About shorting? Honestly, I just can’t bring myself to short Bitcoin below $100,000. It’s not about being stubborn; it’s a matter of risk-reward ratio. How to go long? If you didn’t catch the bottom on Monday, you can continue to buy spot in batches. For futures, focus on the key level of 90,800. Specifically, before the weekend, you can set buy orders in the 90,800–91,500 range, with a stop loss at 90,200. If you get filled, great; if not, just wait patiently for the next opportunity.

As for shorts, I’m only considering two positions for now: you can try a short in the 106,000–108,000 range, and another one near 118,000. Other than that, I think it’s too early to talk about shorting.

Looking at ETH—its movement in the past couple of days has been even stronger than BTC, but when it drops, it’s brutal too. That’s the “altcoin king” for you. Long strategy: keep holding spot, don’t panic. For futures, focus on whether you can get in around 3,060–3,080 over the weekend, with a stop loss at 3,020–3,040. As for shorts, I’d only consider opening one near 3,800—that’s the only short opportunity I’d consider below 4,000. Above 4,000, I won’t touch it, and certainly won’t short near 3,000. Bold statement: after this week, we might never see ETH in the 2,000s again.

Finally, my own positions: I’m holding spot BTC around 98,000, currently at an unrealized loss; ETH around 3,180, basically breaking even now. I’m not touching my spot holdings; currently sitting on the sidelines for futures. The BCH long from 600 has already been closed. I’ll update everyone on specific futures strategies later.