Sunday, Bitcoin strongly rebounded by 10,000 points. What should you do if your short positions are trapped?

After Bitcoin broke below the 60,000 level, it rebounded strongly by 10,000 points. The short sellers who were laughing loudly earlier are now feeling very uncomfortable. But in my opinion, there's no need to panic. Whether it's a reversal of the bear market or a change in structure, it won't turn around immediately in the short term.

Even in the late stage of a bear market, there will be long periods of consolidation and震荡 before a rebound, so it will still go down. For now, just be patient and wait. Don't rush to add positions or blindly cut losses. It takes time to free yourself and create space. 60,000 is definitely not the bottom.

Until there are signs of a major reversal, don't expect a sustained rally from the bulls. With dual resistance at 71,600 and 74,000, even if the market is deliberately pushed higher by manipulative traders to shake out short positions and trap late buyers, it's just to clear out the previous bottom-fishing chips. Additionally, it could be a trap to lure more buyers in and take their money.

Next week is very critical—the last week before the Spring Festival. Let's wait and see.