Liquidation is the most painful lesson in the cryptocurrency world. The market took away a portion of your funds, but it cannot take away the knowledge you have accumulated. A true strong player is not one who has never fallen, but one who can gather the remaining chips in despair, reshaping their mindset and strategy. Remember, this market that never closes will always have the next opportunity, but the prerequisite is that you have stood up from the ruins and become a calmer, wiser player.

Looking back at last night's market, I can only say it's disgusting. First, the US stock market opened high on all three indexes, then Bitcoin kept rising, peaking at around 116000 before stopping and starting to decline, with a sharp drop to 113900. This extreme market caused a double kill for both long and short positions, breaking the support of the fundamentals, which led to regretful losses for our short positions last night. It's a pity for this short position; holding it would have meant victory. Risks and benefits coexist, but ultimately, one may fall into darkness before dawn. Currently, the price is around 115400.

From the current market perspective, the bulls still dominate, with a strong signal of consecutive bullish candles, and various indicators leaning towards the bulls. As long as it does not drop below 115000 in the early hours, boldly take long positions; a pullback is an opportunity to enter long positions. For Ethereum, we are optimistic about the key level of 4100; if it does not pull back and breaks below 4100 in the early hours, boldly take long. In the early hours, we primarily participated with low-long positions. #加密市场回调 $BTC

Bitcoin strategy: Long near 115000, target 116500

Ethereum strategy: Long near 4115, target 4200