Someone asked me where the price will pull back to, let me briefly analyze the market

I don't know where the price will pull back to, and I don't know how the short-term will move. No one can predict the short-term or exactly where the price will rise or fall; that's for the gods.

However, what can be seen is that there won't be a violent increase at the moment, there is still a considerable space above. Although the fluctuations are in the thousands of points, it's not exaggerated when viewed in percentage. We are currently in a period of fluctuating upward movement, and it hasn't even accelerated yet. The situation of sharp downturns may become more common in the future. Hold on to your chips, don't be taken away by the downturns, but around 93,000 should be the bottom area for this phase. As for the pullback, wait for the trend; when the trend arrives and the time comes, it will be evident in a few days. The bottom is more precise than the top since the top tends to have sharp spikes upwards. Therefore, taking a medium to long-term short position is likely to be trapped. If you make the right call on the bottom, you basically won't be trapped; at most, you'll be caught in a spike for a few hours. After the fluctuations, it will be another round of one-sided movement.