Bitcoin recently approached the 92,500 resistance level again, marking the third attempt to rebound here in recent times. The first two attempts were decisively stopped out, but should we continue to short on the third try? This is a question worth deep reflection.

From a technical perspective, repeatedly testing an important resistance level usually follows this pattern: the success rate of the first two retests is relatively high, around 70-80%, but by the third attempt, the win rate clearly drops to about 60%. The reason is simple—no point will give you unlimited shorting opportunities; it might break through next time. If you want to continue shorting near 92,500, it’s recommended to use only small positions or to use it purely to add to long-term short positions on dips.

A more prudent approach is as follows: place short positions at the higher resistance level of 94,000. At this level, a significant pullback often occurs, allowing for profits of over a thousand points. If you haven't participated in long-term short positions at 94,500 before, you can consider establishing a basic position at 92,500 now, then set buy orders at 94,000 for additional entries. This strategy is to prepare thoroughly for the negative news of no rate cuts at the end of January.

Besides Bitcoin, the MEME coin sector also presents some trading opportunities. The earlier top-take profits and short operations have allowed holders to successfully lock in gains, and the coin price has undergone a substantial correction. Now, these coins are starting to rise again, encountering clear resistance near the previous high of 0.18. You can open short positions with 1x leverage at this level, set stop-loss just above the previous high with a small breakout, and if it breaks out false and falls back, re-enter short positions. These coins often retrace about 30%, with a very favorable risk-reward ratio.

It’s important to note that MEME coins are highly volatile and inherently carry 20x leverage characteristics. Therefore, 1x leverage is effectively equivalent to a 20x risk exposure, which is already sufficient. Never be greedy for higher leverage.

Based on recent trading results, the strategy has been executed quite smoothly. The short plan below the 92,400 resistance yesterday proceeded as scheduled, and profits were successfully realized in the evening; even the "hard nuts" like BCH and ZEC declined as expected and were closed for gains. As long as this rhythm is maintained and opportunities continue to appear, there’s still a chance to repeat such successes.