The pullback of the pancake yesterday was not significant, basically holding above 96000, and it strongly rose again to around 99000 during the night. Overall, it is still fluctuating, leaning towards the long side in the short term, with many altcoins rebounding noticeably. At least this wave can yield some gains. How far it can go depends on the breakout situation at 100,000 points and the strength of the pullback on smaller timeframes;

From a technical perspective, the daily chart has broken the short-term resistance at 98500. There is a high probability of a top divergence on the hourly chart. The indicators on the 4-hour chart are relatively high, and since it's the weekend, approaching the important resistance at 100,000 points, it will likely fluctuate a bit at these relatively high levels to repair the short-term indicators. As long as it doesn't break below 96500, it will still test the 100,000 points. If it breaks below and cannot reclaim strongly, this wave of rebound is likely to peak; pay attention to the strength of the pullbacks in the next couple of days;

For today's market, we first look for a small pullback, watching the small support at 97800, followed by around 96500. If it stabilizes here, then short-term fluctuations may rebound again to test 98500 and the 100,000 points;

If 96500 is strongly broken, watch for around 94500. If it continues to break, look at 93000. However, since it's the weekend, there won't be much volatility, just focus on the support;

In terms of operations, do not chase highs and sell lows. This is not a large one-sided market; just do some short-term trading as needed, primarily focusing on short positions after pullbacks and stabilization, while taking appropriate short positions at resistance.