$BTC is a resistance level around 85000, and I expect it to meet resistance and pull back a bit. I'm sharing this to validate my short-term strategy: bearish, but not shorting. I'm still holding my long position from around the bottom at 59000.

For now, I'm still watching the support level around 80000. Given the current trend, I'm particularly focused on the period from the full moon in late October to early November to see whether a short-term low emerges.

This cycle feels more like a “monkey market”—wild swings up and down, unlike the previous cycle. Last time, the market mainly drifted down slowly and wore people down psychologically. This time, the volatility is intense, making you chase rallies and sell off in panic, and leaving you uncomfortable either way. I still see the current market as being in the kind of bear-to-bull transition we saw in 2023. Many altcoins are soaring and plunging, but I think this is also an opportunity to build positions. This year is for positioning; next year is for reaping the rewards. Many people always want to skip the positioning stage and go straight to the rewards, but that's impossible.

Many assessments at this point are still speculative, so I've chosen to keep my core position rather than bet on a low that has to appear. The market may look bearish, but it's still important to leave some room in your position sizing and timing.

The above is solely my personal opinion and does not constitute investment advice. The crypto market is highly volatile, so please be aware of the risks. #Sui基金会向DATANetwork投资3000万美元 #btc