1. Current trading thoughts:

$BTC allows for a maximum fluctuation range of 5%;

$ETH allows for 10%;

Starting from the peak, the current 118870 may not necessarily be the peak, it may continue to fluctuate and reach higher points;

Wait for 4-6 hours for the indicators to repair, if the price drops as expected, that's better; if not, that means it's stronger, and everyone needs to continue to get on board;

2. The later the market goes, the more difficult the trading becomes.

1) You can use trading difficulty (somewhat subjective) as a reference point to see where the market has reached;

2) You can judge whether we have entered the later stage based on the performance of this sideways movement;

3. The current market has not yet confirmed a correction.

1) Confirm step by step using 116166 and 115700;

2) The first target level above Bitcoin is around 121500; the second target level is around 135800; the midpoint is 127700; the fantasy target level is 159000;

3) The overall trend of other major cryptocurrencies should refer to Bitcoin.