Today the US stock market is closed, and with the continuous decline over the weekend, today’s rise is due to James closing his position and Trump’s changing attitude towards strong tariffs on Europe. We are currently testing the previous high, still operating within the channel. However, in my personal view, adjustments are still needed. This round of increase is driven by institutions, with continuous net inflow into the spot market, and there have been no signs of leverage or overly hot market sentiment. Most participants are either missing out or shorting, so the chips are well-positioned, making the upward pull effortless. Patience is required to wait for a washout before entering. For now, I don't see a position near 100,000; let's first observe the support situation around 10.4-10.5. If the US stock market opens lower on Tuesday, Bitcoin is likely to follow suit. After all, everyone knows about Trump's erratic behavior, similar to the period when tariffs were added to China, the market is quite sensitive and will have risk-averse sentiment. From a technical perspective, as shown in the chart, it's a classic ABC adjustment after a 5-wave pattern. The expectation is as follows: we only need to focus on the exhaustion of point B. If the exhaustion of point B is confirmed, then we can look at the support level of point C. Once it stabilizes, we can enter long positions.