Tonight at 10 PM, the Fed is going to conduct its routine overnight repurchase operation. This is actually a regular action to bridge the banking system at the end of the year, with the money needing to be repaid the next day, and it is not a case of the money printing machine being turned on.

To be honest, this injection of liquidity won't make much of a splash in the trillion-dollar financial markets. If you think of it as some kind of major positive news, then you're being too naive. It's at most just like handing a lozenge to a thirsty market, giving you the illusion that a reversal is just around the corner.

What Bitcoin really needs is the large-scale easing from the central bank, like opening the floodgates, rather than this operation of tightening the faucet to let out just a few drops. So the key is to see clearly - short-term technical rebounds can easily confuse people. If the market really rises sharply, then it will be a good opportunity for us to place short positions. Stick to the logic of shorting at highs.