Market Intraday Analysis:

The recent strong rally in the market has caused painful losses for investors who stubbornly held onto short positions below 85. When the last wave of shorts is forced to close their positions, the market often enters a new phase. Currently, market sentiment has clearly shifted, with previously bearish investors turning bullish; this consensus expectation requires us to remain vigilant. After continuous large gains, blindly chasing highs carries significant risk, and even trend-following strategies should wait for technical pullback opportunities to enter.

I have personally closed my long positions in Bitcoin contracts and currently only hold spot positions in Bitcoin and BNB. If Bitcoin can challenge its previous high, I plan to reduce my position by half, and I will hold the remaining position for the long term. Regardless of how the subsequent bull market unfolds, I am prepared to remain patient and wait for the arrival of the bear market cycle.

The current market trend is actually quite clear. Those who short against the trend and stubbornly hold their positions are quite lamentable. The market is always right; the dual benefits of easing tariff policies and expectations of interest rate cuts, combined with technical breakthroughs, have created a perfect storm of rising prices. This also reaffirms our consistently held trading philosophy of "going with the trend"—only by following the trend can one continue to profit in this market.

Specifically regarding the movements of various cryptocurrencies:

Bitcoin needs to pay close attention to the hourly support at $102,450. If this level holds, the upward targets are $104,280, the $105,400-$106,400 range, and $107,255. If it falls below $102,450, it may pull back to test the support band of $100,950-$99,200.

Ethereum has shown remarkable explosive power after completing its upgrade, with $2,190 becoming a critical pivot point. A breakout above $2,245 will challenge the $2,280-$2,317 resistance zone, with support located in the $2,156-$2,112 range.

The $624 level for BNB is crucial; if it holds, it is expected to test the previous high of $629.8, with stronger resistance in the $636.6-$644.6 area. If it falls below $624, it may retest the support levels of $619.7-$614.7.

SOL needs to hold the key level of $161.8; breaking above $164.5 may challenge the resistance band of $166.9-$170.5, while falling below could lead to a pullback to the support range of $158.7-$154.4.

The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like + comment, let's navigate the bull market together and seize this big opportunity.