My basic stance has not changed: this current rally, I see it as a rebound that tempts traders after the bull market has ended, not the start of a new bull cycle.

In simple terms, there are two possibilities: either the 94,789 level from the day before yesterday is the temporary top, or it can push further to the 95,000-96,000 range, after which it will revert to a trend of decline in a bear market; or, if it stabilizes above the support levels of 91,000-90,000 without being directly broken through, there is still a chance to push up to around 98,000-100,000, completing the trap before returning to the downward trend.

The current situation is that last night, from 94,789, it dropped to a low of 90,675, just holding at the 91,000-90,000 level. It didn't break down in one go, indicating that this level can still support a rebound.

In terms of futures, yesterday we shorted twice in the high zone of 3289-3295. After the decline, we turned long near 3240 up to 3280, then opened another short position—this operation perfectly matches my previous high-point shorting strategy. This morning, it has already dropped to 3123, with a single trade profit of over $160. The spot position is also progressing as planned. For the positions bought earlier in the 80,000-85,000 range, I am gradually reducing holdings, exiting more as it approaches 100,000. I plan to patiently wait for the decline; if it drops to 80,000-70,000, or even further down to 60,000-50,000, I will reassess whether to build positions again. This approach remains unchanged.