After a three-day break, I feel particularly in good form. There may be more things to deal with during the week, and updates might not be very timely. I appreciate the understanding of friends who are following along. If you have any questions, feel free to leave a message, and I will reply as soon as I see it.

Back to the main topic, Li Mu made a detailed minute on the continuation of market trends last Friday and laid out a clear plan for the future market. The Bitcoin price accurately dropped to below 115,000, reaching the target of 115,000, and the Ethereum price dropped to as low as 4,225. I believe friends who are following along have also noticed this, and those who are tracking have been able to achieve some level of profit.

Currently, Bitcoin has dropped to around 114,600, showing a low-level consolidation. Ethereum, after dropping to around 4,225, attempted a false rise to 4,320/4,370 but failed. The trend is again highly correlated with NZ, while MG has been on a downward trend due to recent negative macro data releases and tariff impacts, leading to an overall downward trend.

It cannot be said that we have reached the bottom yet, but there are upward opportunities in the medium term.

For Bitcoin to establish a bottom, there is a major prerequisite: it should not break the 114,600-114,400 range on the second test, which corresponds to the 8-hour/daily support levels. The corresponding buying support is sufficient for Li Mu to see a 4-hour level upward movement, with a minimum target of 116,500 and a maximum of above 118,000. We just need to defend the support below; if it breaks, we will look for another drop to 111,000.

As for Ethereum, after completing its rebound, do not hold excessive expectations in the short term. Its imitation properties also exist in the downturn. The short-term resistance levels are 4,380-4,400, with the target set at 4,220-4,200. If it breaks, don't even think about it; it will directly look down to 4,000-4,030. #加密市场回调 #山寨季何时到来？