1. The recent pullback of altcoins is not sufficient, and it is not easy for them to rise again. This is also the reason why I have not rushed to enter the market. Today, the market feels a bit quiet.

2. Although BTC has been forcefully stretched by favorable CPI news, the V-shaped rebound will need time to digest, and I do not expect a breakthrough within 3 to 5 days.

3. For intraday contract operations, shorting on rebounds has a high cost-performance ratio. I recommend the spot AGRI, led by Goldman Sachs.

1. Observing the daily level, it is still a sideways trend, which requires accumulating greater energy to effectively break through. If there is not enough time, the rise will not be sustained, and an initial surge will be suppressed by bears.

2. ETH and most altcoins are not showing much strength; yesterday, short positions in the short-term/contract group made profits. Here, the 4-hour level sharp bottom rebound is a pullback against the large bearish candle at the daily level. The time needed for the market to repair afterwards will be relatively long. Even though there are certain times each day when some coins appear to be rising, that is just a regular fluctuation in the market. These many opportunities, in my view, are merely short-term/contract.

3. BTC will not see a breakthrough in the short term within 3–5 days; altcoins are also not easy to rise again. The current trend is similar to the period around March 25, 2023. There will always be operational opportunities and orders. Taking advantage of the rise, the daily bullish candles, and the intraday rise of BTC, contracts should maintain short positions on spikes.

4. Operations are a complete trading system; spot trading needs to wait for a more suitable time to act, while shorting on spikes in contracts has a high cost-performance ratio. The short-term resistance level for BTC is 101650 to 103200, the first support level is 98750, and the second support level is 95950.