Thursday: Wave Analysis, No Continuation, Pressure to Short

Review: Yesterday's interest rate cut news ignited market sentiment like a spark. Bitcoin initially dropped to 105,000, but the weak pattern was quickly reversed, with Bitcoin prices hitting a high of 109,700. This caught retail investors off guard.

Analysis: The current market is unpredictable, and one should not blindly adhere to past trends. Positive news can quickly turn negative; this week's performance will be a key indicator. The downtrend line still exists, and the entire third quarter will be a down season.

Continue to short at 110300, looking at around 107000 intraday, with the intraday target not conflicting with the trend target of 95,000.