Bitcoin opens the callback, showing no significant downward pressure, presenting an overall mild downward trend. Currently, we can only patiently wait for a stabilization signal to appear before proceeding with layout. In the evening, try to intervene around the low position of 107,000. Ethereum's trend is also weak; after breaking above 2800 yesterday, it also saw a decline today. Facing the current fast-paced fluctuations, if it is difficult to pinpoint accurately, one can appropriately enlarge the stop-loss range to respond with a medium-term approach, which remains reasonable. Many investors are asking why no layout has been made? Our principle is, if the pattern is not good, we choose to wait and see; we do not engage in markets that we do not understand.

After consecutive weekly gains, we enter a doji star consolidation again, but this doji star has a longer body with clear upper and lower shadows, indicating that the signal for a trend change or continuation is not yet clear. On the daily level, recent adjustments in the bull market have mostly been fragmented bearish patterns, while a continuous bearish pattern has now formed. Although there is a rebound, the second downward test has absorbed its gains. The establishment of continuous bearishness announces that the market has officially entered an adjustment phase. After confirming support in the short cycle, a rebound is triggered; however, the overall rebound range is limited, having broken the previous strong slow rise rhythm. Today's short-term strategy may first look for a rebound, choosing the right moment to sell high.

On Thursday, for Bitcoin, the short-term focus is on the area around 107,000-106,700 for buying, with a target around 109,000. For Ethereum, focus on buying around 2730-2700, with a target around 2850.