Currently, the overall market is still in a narrow range of fluctuations, with limited space provided throughout the day. It is still oscillating between 93500 and 95500, but the overall trend is relatively slow. While there are some upward movements, they are also accompanied by certain retracement spaces, so there haven't been many good points for us to execute trades throughout the day; we can only treat it in a short-term and ultra-short-term manner. In the morning, we positioned a short-term long near 93700, and during this small rally, we exited, with Bitcoin gaining over 800 points and Ethereum gaining 30 points. Although the space gained is not much, it has validated our thinking, and the thought process was accurate and correct. Facts speak for themselves. You’ll know how accurate it is if you come and follow. Saying too much is not very meaningful.

From the current market perspective, the market has once again entered a phase of correction. The rebound given in the short term is limited, and the trend is weak, while the upper side is clearly under pressure. Multiple rebounds still face pressure without any significant breakthroughs. Currently, the market is under pressure at high levels, indicating that there is still a bearish expectation for the short-term future. For the day, the first consideration is the inability to sustain the rebound, followed by the current narrow range of fluctuations after stopping the rise. Therefore, if the current pressured area cannot effectively break, we look for high positions to anticipate a pullback, and at lower support levels, we grab long positions to catch rebounds, maintaining a range-bound approach. If there is a breakout, we will adjust accordingly. The current thought process remains to follow the trend and look for rebounds.

Bitcoin: 94000-93600 Long Target focus on 95800

Ethereum: 1770-1750 Long Target focus on 1880$BTC