The afternoon market welcomed a decent pullback, and we decisively entered the market based on the stone plate layout, taking some profits off the table, while some long positions were also partially exited directly. After quickly dipping to 103000, Bitcoin rapidly rebounded above 103500, while Ethereum also dipped to around 2550 before rebounding above 2600.
Overall, after this dip, the short-term momentum has been damaged, and the expectation for another high has been lowered, leading to a return to range-bound adjustments in the short term. The expectation for direct entry points for short-term Bitcoin long positions has decreased, and we will first look at the 104000-104500 range; only after effectively breaking 105000 can we aim for previous highs again! Ethereum also needs to lower its expectations, with the first focus on the 2620 level, while the upper pressure allows for reasonable short positions.
