#MSCI未排除数字资产财库企业纳入范围 Bitcoin's surge last night still has some questioning whether this is a real breakout or just a false alarm.

In fact, the market signals have been clear for a while. The macro environment is stable with no surprises, the Federal Reserve's stance remains moderate, and most importantly—on-chain institutional funds have been clearly flowing back in these days. But most people only focus on the candlestick movements and haven't noticed who is actually taking the other side of the trade.

Here's my view: as long as the 92500 to 93000 range isn't effectively broken, this is a good opportunity for long positions. The first target is around 97000; if it can hold steady, there's even room to push towards 103000. But don't wait until the price has already surged to chase high; a pullback is the real entry point.

Ethereum follows the same logic. If it runs too aggressively, profit-taking will definitely occur. Jumping in recklessly during a rally just invites trouble. Once it stabilizes around 3220 to 3240, long positions will be more secure. The bulls still hold the direction, and short-term overbought conditions don't mean the market is doomed.

In trading markets, many people spend all day guessing tops and bottoms. Actually, those who consistently make stable profits are the ones who, once the trend is clear, pick key levels to follow through. The mindset is—don't be greedy, don't fear, cut losses when wrong, and let profits run when right.

Instead of messing around in this market, it's better to focus all your energy on one direction. Counter-trend short positions are not entirely off-limits, but you need to think clearly—you're betting on a pullback, not going against the overall trend.

To put it simply, only those who understand the market can trade with confidence.