Yesterday, positive news was concentrated, and there was a bit of FOMO. Both the hourly and daily indicators are overbought, requiring some correction. Short-term bears are taking advantage of the positive news to sell off. The short-term drop has significant volume, and so far, the support at 102,000 points has not been effectively broken. This is the second bear counterattack after reaching 100,000; the first one failed.

On the negative news front, Wall Street's major banks and traders in the interest rate market have reduced their bets on the Federal Reserve lowering interest rates this year. Currently, they are only pricing in two rate cuts in 2025, with a total of just 55 basis points, and expectations for the next rate cut window have been significantly pushed back to September. US Treasury yields have risen to 4%; today we will see how the US stock market reacts to this news.

Yesterday, some profit-taking occurred, and prominent figures like Chuanmu, Rocky, and Bitjin have all exited the market short-term. Bitcoin's recent 5% correction, under the condition that the upward trend remains unbroken, presents good opportunities to buy on dips of 5% and 10%. The volume during this decline at the daily level is not considered large, and whether a trend reversal is occurring still needs time to confirm. We'll wait until the structure and volume are revealed.

In the short term, those with light positions and missed the entry can gradually enter around the support near 100,800 and 100,000, betting on stabilization. Beijie has again increased her position in Ray here. For those who entered earlier with heavier positions, they have likely made considerable profits. The group also suggested selling points yesterday, and today, they can gradually reduce their positions around the middle band of the Bollinger Bands on the hourly and four-hour charts.