The recent crazy movements in the Bitcoin market are noteworthy. As the price approaches the resistance level of 116,000, experienced investors have chosen to Close Position on long orders and shift to shorting strategies. This decision has sparked skepticism and criticism from many newbie investors.

However, the market's development seems to validate this judgment. Many Newbie investors who just entered the market sold at a loss at the lows and chased purchases at the highs, falling into the typical "buy high, sell low" trap. This again confirms an old investment wisdom: when most people are making money, it often means that someone is paying the price for it.

As an experienced investor, it is crucial to maintain a stable mindset. Around 113,000, some have repeatedly reminded not to blindly shorting, but rather to wait for a rebound to 115,000 or 116,000 before considering shorting. This advice reflects a deep understanding of the market.

The recent rebound of Bitcoin reached a high of 115,700, slightly lower than the expected 116,000. This raises an interesting thought: if the price can rise a bit more, a false breakout above 116,000 might entice more long orders to enter, potentially providing a better shorting opportunity. However, this ultimately depends on the actual market trend.

It is worth noting that Ethereum is currently performing strongly. This is mainly due to two Ethereum-related companies, BitMine and SBET, competing for market share and continuously buying in. Nevertheless, the performance of other cryptocurrencies remains relatively normal.

For investors, it is very important to maintain a patient and cautious attitude. The market is always full of opportunities; the key is to have enough insight to identify these opportunities and the courage to take action at the right moment. Whether you are a newbie or an experienced trader, continuous learning and adapting to market changes are the keys to successful investing.