On Wednesday morning, a strategy of going long first and then short was suggested. The price of Bitcoin did not provide a strong rebound, but instead fluctuated downwards. After breaking support around noon, a stop loss of 1000 points was executed, and then the price continued to drop. A decisive entry for short positions was made at the 104600 level, and later exited at 103600, recovering most of the previous day's losses. At any time, being wrong about direction is not frightening; what is frightening is holding onto a lucky mindset and not being flexible in responding to the trend. Currently, as the benefits of interest rate cuts are being released in advance, Bitcoin has seen a significant amount of selling after continuously hitting historical highs. At the same time, the implementation of Trump’s policies is in a window period, and the increase in uncertainty has also led institutions to take profits and exit. Additionally, the continuous rise in market leverage has objectively set the stage for a significant decline in prices. Considering various factors, a price correction is inevitable; however, as long as Bitcoin's price does not fall below the 96000 level, the overall structure will not change. Currently, the short-term pattern is weak and still in the phase of confirming support. Therefore, in the afternoon strategy, a slight adjustment is made to suggest going short first on a rebound, and to wait for a clear signal of stop loss before continuing to enter long positions. On Wednesday afternoon, a short position is suggested in the 104600-105000 area, with a stop at the intraday low of 103000 before continuing to enter long positions. As for Ethereum, there’s not much to say; just continue to switch back and forth around the 3800-4000 area for short-term trades, and follow the trend when a clear breakout occurs.