Just ended the live stream, I have already shared some thoughts in the live broadcast today... Now, let's continue to write about today's market thoughts and ideas... Macro-wise, it still continues the tariff tug-of-war from this week... The tug-of-war is a good thing, as there are fluctuations to work with... Yesterday, dozens of countries announced tariff letters, and although it was just a bunch of big sticks, there are still some opportunities to pull back a portion... Therefore, the market did not panic too much, and the prices moved as expected... Reflecting on yesterday's thoughts... I aggressively entered near 2510 for an additional position on ETH 2550... Subsequently, the cost came to around 2542... Here, on one hand, it is based on the judgment of the dense transaction area from yesterday's thoughts + the support of the previous low, and on the other hand, there is guidance from the contract order flow that started last Saturday... When several different thoughts point to the same range, it is a range worth trading... The thought process for Bitcoin 107500 has already been shared in the previous two posts, so I won't elaborate here... Let's take a look at the upcoming thoughts... Currently, the range of Bitcoin 107000-107500 has been tested repeatedly... The risk of trading here is increasing... Also, because it has been supported here for so long, the liquidity for long positions between 106000-107000 is also accumulating more and more... This is a relationship of mutual consumption... The more often a place is tested, the weaker its strength becomes, while the liquidity for liquidation below it accumulates more, and the more liquidity accumulates, the more attractive it becomes... So even if it can still hold here, the risk of continuing to insert liquidity downward increases... (Similarly, above 110000 is the same, it has also been tested many times) However, the difference is that there are no large orders around 107000, but there are currently large orders of 300-500 spot at 110000... So looking at it this way, today we are back to the situation of "both sides have liquidity, and the price is waiting for a decision in the middle"... The thought process for high shorts is still below 110000... Here is the pressure point for placing large spot orders... Even if there is liquidity above 110000, it is worth holding a bit... If it breaks above 110000 and can stabilize, then it's time to exit... This thought process assumes there is no particularly favorable news... If there is significant good news pushing it up, then do not short high... It has been trading here for so long, if there is really significant good news pushing it up, then it may be a new high + new range rhythm... As for low longs, let's see below 107000, such as the range of 106500-106000... Currently, the 30-day RVWAP has reached 106000... At the same time, there are small spot orders and medium contracts supporting at the 106000 integer level... (Of course, the aggressive 107000-107200 can also be tried, just like before, if it breaks 107000 and doesn't come back, then exit, with a very small stop loss value to fight for)