The stretch height of Bitcoin and Ethereum is basically in line with expectations, with no pullback in between before going up. Friends who entered short positions at high levels should pay attention to moving stop-losses. For Bitcoin, a trade can be made every 500 points, and for Ethereum, every 25 points. The view on daily retracement remains unchanged, but liquidity is lower on weekends, so there's no need to be too aggressive!

1221: Powell said good afternoon, and before he finished speaking, a pullback started, with Bitcoin once dropping to around 92200. It may seem like the market is very volatile, but it is actually quite rational; even the last spike near 90200 wasn't reached. This just indicates a washout driven by events. There has been divergence and overbought conditions for a while, and these three days have seen digestion. Lao Song mentioned yesterday that as long as the closing is above 96000, it will basically hold; overall today, it is oscillating above 97000. Over the weekend, it will evolve according to the first scenario we anticipated yesterday, with a higher probability of either sideways movement or a slight rebound. The support range below is between 95500-96000, and the resistance range above is between 98000-98400.
Today's operation involves buying on the pullback and then shorting at the high.
Buy between 95500-96000, target 98000; if it breaks above 98500, watch for 99500; if it doesn't break, consider shorting, with a target at 95500; if that breaks, look for 94300.
For Ethereum, buy between 3390-3420 with a target of 3520-3540; if it doesn't break 3530-3550, consider shorting with a target of 3400-3370.