Last night, Bitcoin started a retracement. I planned to go long, but before I could, it retraced directly. Due to the magnitude of the move, I waited until it stabilized before entering. I placed long orders around 89000, which successfully reached about 93000. Ethereum was bought in batches at 3060 and 3080, also reaching 3200. The main issue was the pace was too fast; if I couldn't pinpoint the entry, I had to widen the stop loss and focus on swing trades, which was still quite perfect. Many people are asking why there are no positions; I can only say if you don't understand, don't trade. The patterns are too poor, so I’m not inclined to trade.

In terms of structure, every time it breaks a high, it generally provides a certain degree of retracement space, and this still holds true. The adjustment cycle has increased, and the available space has grown. The small cycle is rebounding from the bottom and closing higher, and there is still plenty of room upward from the lows. However, the overall structure of bottoming out and rebounding remains unchanged. Of course, we do not change our bullish stance. This is the current situation. The bullish trend structure is becoming increasingly apparent. The retracement space and magnitude compared to the earlier rise are negligible and will only temporarily pause the upward process; it will not alter the final trend's operation. This has been emphasized countless times. This morning, Bitcoin and Ethereum broke the highs again, directly validating our swing trading ideas and views. Therefore, for subsequent positions, the mindset remains unchanged! Continue to expect strength and breaking highs!

Bitcoin is trading around 91400-91000, with an expected target of 93000, while Ethereum is trading around 3120-3100, with a target of 3200.