Pippin, after the recent spike and transaction a couple of days ago, I’ve been monitoring it closely, but there are no signs of a top forming in these two days. The daily funding fee alone is 3%, who can bear this cost? I decided to close my position this morning; there’s no need to stay trapped inside.

Honestly, the price movement of this coin has completely disrupted my rhythm. The battle between the main players and large funds is too mysterious; we retail investors simply cannot accurately judge where the outcome will be. Instead of blindly participating, it’s better to wait and see what happens. Whether going long or short, both sides are laying big traps.

Currently, the situation with Bitcoin is also quite awkward — it’s stuck at the critical resistance of 95,000 above, and below, I dare not touch the lows around 80,000. The bulls and bears are stalemated, neither side daring to move first. To break this deadlock, we need some substantial positive or negative news. When the interest rate cut news comes out in January, it might give the market a strong boost. Of course, if any exchange suddenly defaults or a major DeFi platform crashes, such black swan events could also change the game.

ZEC has been especially resilient lately, reaching a high of 470 today. Previously, the short positions at 460-470 were liquidated for 6,000 USDT, and now the neckline is stuck at 480. A short-term rebound will definitely face significant resistance at this level. I’m watching whether the orders at 490-500 can be taken out. Fortunately, the bears haven’t been too aggressive recently, and the funding fee has remained positive, so I’ll hold on and wait for this weekly rebound to complete before making any moves.

I’ve already placed some short orders around 630 for BCH, and if it rebounds to 640 later, I’ll consider adding to my position. For XMR, I’ll wait until it breaks 500 before entering. As for Bitcoin, I’ll only consider adding shorts once it breaks through 95,000. Currently, it’s just sideways consolidation; I need to stay calm and wait for clear signals from the market. January is expected to be a turning point — it might push up to 95,000 or test the support at 80,000 downward.