Last night before going to bed, BTC surged, it turned out to be speculation about interest rate cuts. However, I see that funds have not been accumulating recently, which may be the main players using news to drive up prices and attract more buyers.

Many people are shouting that the bull market is back, but I cannot agree with this. From the perspective of retail investors, a rise means a return to the bull market. From the perspective of the main players, it's not that simple. If they really want to prepare for a round of price increases, there must be sufficient turnover and accumulation beforehand. Currently, neither is present, so I will not take a fully bullish stance, nor will I join the long positions.

Is there a possibility that suddenly good news will emerge, and the market will start to rise broadly? The probability of this happening is almost nonexistent or very low. Because the cryptocurrency market is operated by main players and speculators, it is impossible for retail investors to profit if the main players have not accumulated positions beforehand.

Therefore, I still choose to short at important resistance levels. This morning, I saw that there were still considerable profits. However, the funds accumulated last night have not left, so in the short term, prices may not drop quickly. There is also a possibility of continuing to surge, forming a double top or even a triple top.

Of course, every time I open a position, after a significant price drop, I always move my take-profit level down or set a stop-loss at the original price to ensure that I do not lose money.