On Wednesday morning, the initial strategy was to go long first and then short. The price of Bitcoin did not provide a strong rebound; instead, it fluctuated downward. After breaking support around noon, I exited the position with a stop-loss of 1000 points, and the price continued to decline. I decisively entered a short position at around 104600, and later exited at 103600 to minimize previous losses. At any time, being wrong about the direction is not scary; what is scary is holding onto a sense of luck and not understanding how to flexibly respond and go with the trend.

Currently, with the benefits of interest rate cuts being released early, Bitcoin has seen a lot of selling after continuously hitting historical highs. At the same time, there is a window period for Trump's policies to be realized, and the increase in uncertainty has also led institutions to take profits. Additionally, the continuous rise in market leverage has objectively set the stage for a significant pullback in the market. Considering various factors, a price correction is inevitable; however, as long as the Bitcoin price does not fall below the 96000 level, the overall structure will not change. Nevertheless, the short-term pattern is currently weak, still in the stage of retesting support. Therefore, in the afternoon strategy, I slightly adjusted to give a short position first at the rebound, waiting for a clear stop-loss signal before continuing to enter positions.

On Wednesday afternoon, I shorted Bitcoin in the 104600-105000 range, then waited for a retest of the intraday low at 103000 before continuing to enter positions. As for Ethereum, there is not much to say; just continue to switch back and forth around the 3800-4000 range for short-term trading, and follow the trend once a clear breakout occurs.