Since the decline from the 108,000 level in this round, there has been a drop of nearly 13,000 points, and the market cleaning is likely nearing its end. Although the bears currently hold the advantage, given that we are at the end of the week, it is not advisable to blindly short. There is little space left below, and while there may still be some short-term downward movement, the probability of further breakdown is very low. We have captured the main part of the market movement and choose to give up on the tail end of the market.

In the short term, the coin price is likely to fluctuate in a low range. Short-term trading strategies need to be adjusted accordingly. It would be wise to wait for a pullback process and reference the 96,500 to 96,340 line to set up a long position for a rebound to make corrective trades.

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