This wave of BTC 4H trend is very classic, with the bottom rising all the way up, and now it happens to be stepping back on the "life and death line" of the uptrend line (red circle position). Based on the data from the past few days, spot ETFs have experienced a decrease in net inflows, funds have retreated to stablecoins, and large funds are seeking safe haven options. With tonight's major option delivery and a surge in put options, there will definitely be a bloodbath of long and short positions at this position. The logic of the operation is just one word: wait resolutely and never guess the bottom. There is a high probability that something will happen tonight. If this trend line falls below, I will definitely hold my hand and not take a flying knife. Patiently waiting for deep downward penetration and bursting of bullish liquidity (such as reaching 68k or even lower) is the golden pit with high win rates. On the contrary, if the delivery cannot continue and the red circle line is firmly held, it indicates that the stablecoins stored on the sidelines have begun to enter the market to take over. Once it is confirmed to stabilize, it is completely possible for the right side to follow suit. A staged rebound is usually difficult to sustain, so try to suck low instead of chasing high. Hold the U tightly in your hand, watch more and move less, and wait until this wave of emotions is released before making a move.