To predict the trend of BTC, we should use SOL as a reference. Because SOL always pulls back one step before BTC, this time it also started to pull back after reaching the high point of 187, pulling back to 152.5, which is at the 0.382 level. It paused here for a few days, unable to break below 150, giving the retail investors a false impression of a buying opportunity. In fact, it is waiting for BTC to break below 103000. Last night it dropped to 141.5, just right at the 0.50 level. It might pull back further around 11 points, near 130.5, which is at the 0.618 level, the buying point.

From the perspective of price levels, SOL can be bought when it drops to around 130, and BTC will not drop below 95000, as 95000 is the 0.618 pullback level. Spot trading can be placed freely, and if not filled, it’s no problem; I believe very few people will buy BTC spot above 98,000. BTC is slightly stronger in the market; if SOL pulls back to 0.618, BTC will basically pull back to 0.50 at around 98200. The 0.382 level is 101400, which was broken last night, but historically it tends to have a strong rebound, and if it doesn't resist at 100,000, it will quickly lose that level. So, do not chase short; at least wait for a rebound above 102400 before shorting. Therefore, the next pullback to the 0.50 level around 98200 can temporarily serve as a buying point for contracts.