Does Kongjun have a chance to turn suffering into a sweet outcome? Honestly, it’s very difficult!

At the very least, in the absence of major bad-news catalysts, the rising wedge will keep going. Starting this month, the market gradually warms up; Bitcoin is like it’s been given an adrenaline shot, climbing higher all the way, leaving no chance for the shorts to catch their breath. As for any “top”—there isn’t one at all. Once the trend takes shape, it becomes completely out of control. At this point, you can’t see any sign of a pullback.

Right now, no matter which angle you look at it from, it’s a strong setup. So that mindset of “the higher it goes, the more I should short” has to change. In the face of the trend, there’s only one thing to do: go along with it—otherwise it’s road to ruin. In the past few days, shorts have been wiped out in huge numbers; even those short below 780 are too many to count. Without any help from negative news and the news headlines, even if it retraces, it won’t amount to much—the bigger direction is still bullish.

Now this situation has a bit of a “slow bull” turtle-paced feel. Don’t go guessing where the top is—nobody knows where it is. In short, just follow the trend.