Let’s review the recent strategies and operations. On the 2nd, we clearly stated in the article that if Bitcoin breaks the previous low of 103868 and enters the range of 101000-102000, it would be worth considering a bottom-fishing entry. It was also mentioned that Ethereum would follow Bitcoin's decline on the daily level, and even the drop would be greater than Bitcoin's, but the longer-term trend is relatively good, and after the drop, it will show strong performance.

The market's performance in the later stage is basically in line with our predictions. After two days of volatility, Bitcoin started to decline on the 5th, breaking through 10360, and dropped to a low of 100371, slightly below our predicted position. Ethereum's drop exceeded that of Bitcoin by more than double, directly crashing to 2391, and altcoins also plummeted! In terms of operations, after entering the 102 area, we aligned our actions and began to enter the market while informing the community to synchronize operations. Near the 100000 mark, we made a second purchase, basically buying at the lowest point of this round of correction, making the entry position relatively perfect! Of course, there were also regrets with this operation. Since the entry timing was based on Bitcoin's position, Ethereum's initial small drop and later significant correction affected the holding cost of the first batch of coins we entered. However, the additional purchase near 100000 lowered the price, so it turned out relatively well. The regret on the selling side is larger; considering that Ethereum was weaker during the rebound, we worried that the second drop would lead to deeper pullbacks in altcoins, eating into profits, which resulted in exiting the market a bit early and led to thinner profits this round. Although Ethereum rebounded today, aligning with our earlier expectation of strengthening after the drop, the fact remains that there are very few chips left. This is how trading works; profits and losses originate from the same source. Caution can help us avoid large drops, but it can also lead to some profit loss. There is still a long way to go; we will continuously optimize our trading model and believe that we will do better in the future!

After reviewing, we return to the market. Bitcoin's performance is stronger than our previous expectations; it chose to rise first without making a second drop. Rising directly without sufficient pullback is actually not beneficial for the subsequent market development. The reasoning is simple: just like throwing a punch, when you keep your arm tight enough, the punch you throw is more advantageous! Therefore, it cannot be ruled out that Bitcoin will hit new highs here, but we are not optimistic about the space. It is very likely that, similar to previous rounds, after reaching a new high, it will peak and start a new round of adjustment! From a technical perspective, this judgment is also supported. Unless Bitcoin breaks through the previous high and continues to rise, otherwise, once it peaks and falls back, a significant divergence will appear, which is quite unfavorable for bulls. Considering all factors and referencing the previous trends, we believe it may be another slight new high for Bitcoin, followed by a consolidation, with Ethereum rebounding and altcoins rising briefly, then all coming down together.

The position from 113000 to 115000 is possible, just walk and observe. The current principle is to avoid chasing highs; this position is stable and requires a bit of patience. The upcoming opportunities are still in Ethereum, with an observation point at 2690 for Ethereum's strength and weakness. It has been falsely broken through several times here, and it hasn't stabilized the next day. Currently, it is in a breakout state, having broken through multiple times, and this time the likelihood of stabilizing is relatively high. According to the principle of support and resistance exchange, if it pulls back here, it can serve as a reference point for entry. If it breaks below the next day, consider exiting, as this is a high-risk position. Once it stabilizes, it will have the potential to challenge 3000. As for Bitcoin, the strong resistance at 106600, which has been mentioned multiple times, has also been broken through. The same principle applies: if it pulls back here, it is also a good short-term position to pay attention to.

In terms of cryptocurrencies, due to the positive outlook on Ethereum's later recovery demand, pay more attention to related Ethereum coins, as the returns will be better!