After two days of continuous sideways fluctuations, today presents an overall downward fluctuation, not providing much space for bulls. The lowest price reached 101600, while Ethereum's lowest point came to around 2513. After a sustained decline, the breakdown is not a strong continuation but rather a fluctuation, suggesting that those looking to go long should wait for a proper pullback before entering. We are still holding our positions for the medium to long term after averaging down, while short-term operations have already exited with losses. In this kind of market, if the short-term strategy goes wrong, timely adjustments should be made without dragging it out. Although we have encountered setbacks, it is also quite normal; everyone makes mistakes occasionally, and setbacks are not common. We should maintain an optimistic attitude and seize every wave of the market well.

From the current market perspective, after previous declines, the market has not continued downward but has maintained a sideways fluctuation, with every wave of the market followed by sideways consolidation and accumulation. Regarding the current fluctuation rhythm, we still look to buy on the rebound, after all, the market will not always be in a pullback or sideways trend; it will eventually show a one-sided movement again. Overall, the current trend structure is exhibiting a sideways upward recovery, just pausing here after the pullback. It can be seen that even if there are pullbacks, they have not formed a continuous downward trend; the overall larger trend structure still mainly views the bulls as the primary structure. Therefore, we can continue to maintain the strategy of waiting to enter long positions.

On Thursday afternoon, Bitcoin is around: 101500-101000, buy, target 104500; Ethereum around 2540-2520, buy, target 2660$BTC .