After experiencing high-level sideways consolidation during the day, the evening market for Bitcoin still did not stabilize at the 102,000 mark. The current market has pulled back to around 100,400, but has not fallen below the 100,000 threshold. The current pullback strength is more than we anticipated. This morning we provided insights in advance, indicating that this is a normal range of correction.

In the current trend, the bears first broke the bottom's oscillation range, pulling back to the support level of 100,500, but did not give too much continuation for the bears to test the 100,000 mark. The K-line is still in an upward channel rhythm. Although the trend has given a pullback, it is still difficult to break the bulls' strength. During the day, we also mentioned that on the 4-hour K-line chart, the MACD technical indicator has a golden cross pointing upwards, while the bears are expanding their volume and the correction is basically nearing its end. The opening of the U.S. stock market is likely to push the market towards a one-sided upward trend. Therefore, in terms of operations, we can maintain a low long strategy.

Bitcoin fluctuates around 100,500-100,700 for long positions, looking towards 102,500. For Ethereum, you can enter the market in batches at the current price for long positions, looking towards 3,700.