The overall market is currently moving at a relatively slow pace. After a series of strong rallies in the past, Hangqin has recently been trading sideways, with no significant intraday breakthroughs. However, this is a key juncture to watch out for. The market won't remain in a consolidating or unilateral trend. After the recent period of adjustment, the subsequent market turnaround could see unprecedented, significant moves. Only with short selling pressure will the obstacles to bulls be reduced. Compared to the potential for upward movement, the current pullback still defines a correction.

The technical structure remains relatively unchanged. The weekly chart remains in a continuous rising pattern. The daily chart shows a small double-needle bottoming pattern after the early morning rally. Don't rush into a short position based on a single pullback. The afternoon's strength remains crucial. A small support platform has formed at 108,500. A bullish trend is warranted above this level. Short-term pullbacks within the short-term cycle followed by subsequent recovery, often with significant magnitude. Buy on a pullback first, and then sell off profits after a breakout.

On Wednesday night, I personally recommend buying Bitcoin around 111300-111000, with a target around 113000. I also recommend buying Ethereum around 4620-4600, with a target around 4700. $BTC