Yesterday's short position has already been cleared, and this market situation is as we mentioned the day before yesterday, with a pullback near the 90,000 mark stopping the decline. We also mentioned looking for a pullback near the 90,000 mark in the article, which does not conflict with our thoughts. The short position was because the morning of yesterday once again provided a pullback strategy, unexpectedly leading to a strong upward movement in the market. In this case, there is no need to hold the short position any longer to avoid further losses.
The market has reversed, forming another breakthrough. After the pullback, it gained momentum and surged. However, if it wants to surge again, it will inevitably be accompanied by a pullback for accumulation or a corrective fluctuation, so the strategy needs to be adjusted to primarily look for buying on pullbacks. Bitcoin can be bought in the range of 95,800-95,300, with a target focus on 97,300. Ethereum can be bought in the range of 3,610-3,580, focusing on the 3,700 line.
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