On January 8, interpretation of the market trend and operational ideas:

The market trends of $BTC and $ETH were in a state of fluctuation and topping during the day, but started to accelerate downwards in the evening, quickly breaking below the turning point we mentioned yesterday.

The market has completed the previous daily wave's rise and has entered the process of wave pullback.

This market has just started to decline, and $ETH already shows signs of breaking down, so I believe this is not the right time for a wave-based rebound operation.

During yesterday's downward wave, the trends of the second pancake and the big pancake were not very synchronized. The big pancake started to decline only in the morning, while the second pancake and other varieties had already started to decline in the early morning.

From the trend of the big pancake, after a short-term rebound in the morning, there should still be another wave of decline before a larger rebound occurs. It is expected that the big pancake will break below 96000 again, with the daily wave pressure around 99000. After a small wave of short selling, it is still possible to go short.