$BTC Small Level Callback Structure Overview:

1. The Fibonacci 0.236 level of the 75-111 upward segment is 103, 0.382 is 976, and 0.5 is 932. Prices above 976 indicate a strong bullish market;

2. After the bears hit Iran and Old Bao, they did not push the price below 103, what does this indicate?

The bulls have strong support (the bears have weak selling pressure), and the market is not reacting much to such news;

3. The operators are supporting the price, and they do not want retail investors to get cheaper large cakes. The operators are making moves to sell at this position;

4. The black line represents the first phase of adjustment, while the green line represents the second phase or the second and third phases of adjustment. The fluctuation space of the green line is compressed, and when it is compressed to the extreme, there will be a trend reversal;

5. However, it is important to note that after the trend reversal, the large cake may not have a significant one-sided movement. Currently, the trend of the large cake is shifting from large fluctuations to small fluctuations and then back to large fluctuations; therefore, once the large cake has more than 10% volatility, it can be considered for entry;

6. So far, this round of large cake bearish market has been a fluctuating decline, without a smooth bearish trend; instead, when the bulls start, it is a smooth market flow; hence, in trading, the focus should be on going long, with shorting as a secondary option. This approach will remain valid unless there is a particularly pessimistic macro environment or significant turning point;

7. In line with this overall thinking, it can be concluded that in terms of difficulty: going long is easier, going short is harder, and how to operate is evident;

8. If there's no opportunity, the best choice is to wait, wait for the opportunity to arrive, and strike hard! #鲍威尔发言 #GENIUS稳定币法案