Figure 1: The current position and long-short ratio of the oscillation data are basically in place, and 102 is also the initially expected false breakout upper limit position, so the best betting position for short positions has been reached;

Figures 2 and 3: Before the opening of the U.S. stock market yesterday, there were nearly 20 million buy orders on Coinbase that were executed at 997, and this morning 12 million were sold at the 102,500 position;

Figure 4: The premium data from the large B network still has significant reference value during large-scale oscillations, as it has been continuously buying at an extremely high positive premium near 93, and the current positive premium is decreasing;

Summary:

Based on past oscillation cycles, the probability of this wave breaking out of a trend again is relatively low. If it is after 2-3 months of oscillation, then we need to be particularly cautious;

Therefore, from the perspective of oscillation, entering short positions now would be a very good entry point, as the strength of this oscillation rally is still quite strong. Many oscillation players started building short positions at 98, and they will gradually add to their positions. I currently hold short positions with an average price of 105;

Conservative short players can wait for the premium of the large B network to turn negative before establishing short positions, which would increase the probability of winning, but they may also miss opportunities;