Wow, Bitcoin rebounded! Crisis averted? Can we still short? Let's take a look. 1. As shown in the chart, Bitcoin's recent drop is quite close to the lower edge of the consolidation channel. It plummeted 10% from 76,000 in just one day. A small rebound is inevitable after such a large drop. But can it rebound further? 2. To be honest, I'm not that optimistic. I think the probability of a rebound followed by further declines is higher. However, we can't be stubborn and only act according to our preconceived notions. What if it continues to rise? 3. Therefore, my current strategy is very clear. Yesterday, I advised everyone to take profits on most of their short positions at 69,000 to lock in profits. This was to prepare for this rebound. The minor resistance levels are currently below 71,500 and 73,000. We can take profits on short-term pullbacks when these levels are approached. 4. For the long term, I still have 30% of my short position at 74,000 that hasn't been closed out yet and am holding it. For the remaining 70% of the positions that have already taken profit, I plan to place short orders again at the previous highs of 7.4 and 7.6. Although I don't think the probability of it rising again is high, that doesn't stop me from continuing to place short orders at the resistance levels above. It's a strategy of both offense and defense. 5. Now, looking at the chart, a short-term rebound has indeed occurred, as shown in the image. Therefore, Shuqin advised everyone to short. Actually, we gave this entry point yesterday afternoon, but after overnight I saw it was still a little off, so Shuqin advised everyone to adjust and re-enter short positions at 71,300, adjusting the entry points according to real-time market conditions, and operating daily.