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Geopolitical issues caused Bitcoin to drop around 3000 points, then after easing, it surged again by about 5000 points, with bulls and bears repeatedly shaking out traders.
This round of geopolitical problems has a significant impact, but Bitcoin's decline is only about 3000 points, whereas in the past, it would have fallen at least 5000 points. On one hand, institutions took advantage of the sharp decline to buy heavily, causing Bitcoin to stop falling and rebound. Many strong bearish traders were directly overwhelmed by this 5000-point rebound.
Hedging is only temporary. Once digestion is complete, the market will inevitably tend to rebound normally, so at any time, do not blindly chase after rises or falls.
After the rebound, you can consider shorting around 68,500, with a target of 66,500-67,000.
The current geopolitical issues have not been effectively resolved, and the subsequent market trend will fluctuate accordingly. $BTC