After the pin insertion yesterday, I bought the dip, and the coins I bought including SOL, AVAX, and FARTCOIN have all made some profit. The dip-buying position for BTC is average (118500), and currently, there is only a small profit.

I previously anticipated that after the decline in Bitcoin, altcoins would relatively hold up, and this has been validated.

I believe that the rebound from this pin insertion has not yet occurred, with the minimum target around 119700. There is a high probability of recovering the 120800 range, so I am still holding my long position in Bitcoin.

Based on my judgment of the relative strength of altcoins, I am also holding them for the long term. Perhaps if OTHERS enter an overheating stage again, I will reduce my position by 50%.

ETH is currently uncertain. I believe there is a high probability it can bounce back to the previous high range of 4780, and there is also a possibility of breaking through to 48-49. I anticipate that if there is a pin insertion to 48-49, it might be rejected before a decline.

After the correction at the beginning of August, it has generally maintained an upward trend (especially Ethereum). I believe that a one-sided rise will not continue indefinitely, and a correction is reasonable. There may be a significant correction at the end of August or the beginning of September. Ethereum may retest the lower range of 3800-4080, and if it reaches that, it would be a good opportunity to buy the dip. Altcoins will also provide relatively good buying opportunities.

This correction should be the final blow-off top phase.