Trend adjustments are back and forth, without looking at recovery breakthroughs, the medium-term can be short:

Anything should be done according to one's ability. Don't just follow others; taking one step at a time is the best rhythm for living well in the present. Whether the bull market is ongoing or still brewing is uncertain, but the retracement of the trend is becoming increasingly obvious. What 120,000 or 150,000? Those are things that can only be considered after stabilizing above 100,000. What we can do is to focus on the present.

Although the market fluctuates back and forth every day, the trend's consolidation also provides multiple short-term opportunities. However, it is well known that under such large fluctuations, sometimes it only takes a few days to release the medium to long-term space from the past. It is clearly within reach, and missing it would be a great pity.

From a technical structure perspective, in the weekly K-line level, the price has risen and retraced, closing with a bearish candle. The bullish volume is insufficient, leading to a correction. The trend has entered a corrective state; although the downward space is not drastically falling, recovering upward still requires a certain period of preparation. Whether the bull market is ongoing or not is not important, but the decline continues, and the downward space still needs to be further released.

In the daily line level, the price oscillates upward but encounters resistance and falls back. The bullish volume cannot be converted, maintaining a bearish pattern. After a wide fluctuation, it has been in a weak bearish trend. Currently, there are signs that the downward channel has opened, just needing an opportunity. The moving averages are slowly rising but have not formed, rather the bearish volume is more certain in its downward trend. It is not a bear market, but a correction of the bearish trend. It has been continuously supported and probing downward, without effective recovery, just waiting for a bearish breakthrough.

In terms of trend thinking, we can proceed with high shorts:

For medium-term operations, my personal suggestion is:

Refer to the 98,000-100,000 area for shorts.

Look at the 95,000-92,000 area.