The price movement of Bitcoin has been quite strange in the last two months. Every time it falls, there are people eager to buy the dip, and the Long-Short Ratio has remained above 2 for a long time, indicating a strong willingness from institutions to catch a falling knife. However, Wall Street's goal this time is very clear - they are targeting treasury companies like MicroStrategy. Their net asset value (mNAV) must drop below 1 for them to stop, so according to this logic, the target price should be around 72000.

Yesterday, I opened short positions for BTC, ETH, and SOL at the high of 91258. At that time, the market gave me the feeling that the rebound had peaked, so I entered heavily. I didn't expect to wake up to a violent profit; maybe this is the market sense developed from long-term monitoring? Although this position can still be held, to be honest, the market rhythm is indeed becoming increasingly difficult to grasp.