Frequent awakenings in the middle of the night? Honestly, it's still a failure to manage risk properly. Currently, the 90,000 level looks quite stable, but the market's warning of a 30% correction risk is always hanging over our heads. Relying solely on long positions is indeed passive. The real strategy should be "both long and short": enter long positions at 90,500, with a stop loss set at 90,000 (only valid if it breaks below), targeting the 94,000-98,000 range; once the target is reached, take 30% profit and open a short position, with a stop loss at 99,000, and look at 85,000 below.

Don't forget the lesson from 87,000. The biggest danger in a volatile market is "holding on without profit or loss." Institutions build and clear positions in batches, so why should retail traders go all-in at once? Market liquidity is indeed tight, and the cost is amplified volatility. Last time, a 3-hour liquidation caused $334 million in losses, and that is a vivid example. So, it's fine to buy on dips, but avoid leverage; opening shorts at high levels is also okay, just don't be overly greedy. Only by staying alive can you have the chance to catch the real market trend.