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.