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Observing the sky at night, this wave of Bitcoin went from 64,000 to 69,000 (once touched 72,000 in the afternoon), which is not a bull rebound at all, but a dog trader's chain scheme. Last night, four shots fired simultaneously: White House crypto meeting + SEC exempted some token registrations + Treasury Secretary doubled bond buybacks + dollar plunge, the short side was sacrificed—29.9 billion exploded across the entire network in 24 hours, shorts accounted for over 90%, and 93.5% of shorts liquidated within 1 hour. This morning CZ added a finishing blow: Bitcoin still follows the four-year cycle, the super cycle hasn't materialized yet, currently in a bear market phase. Don't rush, it's far from a raging bull. Fear and greed index this morning was 46 (fear), at noon 62 (greed)—in half a day, it switched from scared to missing out, new money was squeezed out of shorts and immediately turned bullish, everyone on X is shouting the bear market only has four months before a quick bull rebound. The dog traders will still have to pump it further, bringing this 62 greed crowd in to hang at the peak, then reverse to a sharp drop. This script has been played hundreds of times in 2019 and 2023. I firmly refuse to chase the rise. At worst, I'll miss out but never catch the falling knife. The bull market isn't coming that fast, I haven't bottomed yet, $BTC is still on the rhythm waiting for 40,000. Anyway, I'll hold $OKB to the death as my bottom support, betting OKX will survive the next round. Bitcoin will rise on its own, I'll wait for mine. What got blown up are leverages, not the cycle. What got trapped is greed, not me. Comrades, when paths cross, the brave win—let's crush the dog traders. 🐶 (PS: The above is all personal speculation and does not constitute investment advice. Profit and loss at your own risk) #BTC突破72000美元，本轮上涨能否延续？ #白宫峰会：特朗普称曾讨论购入BTC