After the false breakout in the early morning surge, the market has experienced a pullback of five thousand points. The price has now fallen below the previous support level of 102500, breaking the short-term support at the bottom, which means there is still room for the market to retrace.

From the perspective of the daily horizontal structure, the comparison between yesterday and today makes it seem as though what happened this morning never occurred. However, the structure has been broken, resulting in a transition from bullish to bearish.

At the daily level, it is highly likely that we need to first see a wave of correction before there is a chance for a high test. Therefore, intraday operations can follow a short position strategy, while keeping an eye on the support levels below at 101400 - 100700.

On the Ethereum side, it is following the decline without participating in the rise. The daily chart clearly shows a downtrend, with the upward momentum being very weak.

Intra-day resistance is at 2410. If the rebound fails to break through this level, the daily chart will further adjust to correct, with a target to watch around 2270.