Yesterday, I was still debating whether to close my short positions before Friday's core PCE data release. Just because I hesitated a bit, I decided to wait and see today. But since I didn’t check the market during the day, I ended up turning profits into losses again during the sharp drop. Yesterday, I was saying not to be greedy, and today I paid the price for my greed once more. Next, I’ll directly continue betting on Friday night’s core PCE data. I talked a bit about today’s drop in my pinned tweet. Although personally, I feel it might be due to the escalation of conflicts between NATO and Russia, that’s not the key point. Whether my feeling is correct or not has nothing to do with how others operate. I actually think everyone should have their own analytical logic—use your own analysis to identify the reasons behind the drop and determine the appropriate strategy for the current market. To put it simply, you don’t necessarily need to know 100% why the market is rising or falling, but you do need to react to changes in the market. Whether it’s reducing positions, increasing positions, or staying put, these decisions should be based on your own judgment, not just sitting there watching the market without taking action and regretting missed opportunities later. Looking back at Bitcoin’s data, there was indeed panic today, with a sudden increase in turnover. We’ve already discussed many of the main reasons before. The real reason might be something no one knows, but what’s more important is figuring out the right strategy to deal with situations like this. Personally, I think it might be related to NATO and Russia, and I also believe it’s unlikely for the conflict to escalate to a nuclear stage. So, I didn’t close my long positions; instead, I added some protection. This is just my personal judgment, and I might not be right. From a support perspective, we’ve now entered the support zone, and the support hasn’t been broken yet. Although the trapped investors above are showing signs of panic, it hasn’t reached the point of collapse. So, I think it’s still holding up. Besides, whether it’s due to geopolitical conflicts or comments from Fed officials, neither seems to be the main focus of the current game. Sponsored by Bitget ｜ @Bitget_zh