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The Tuesday closing rally was quite good, with the price once reaching 96,800. The morning surge was quite significant, but from a technical perspective, such rapid increases usually require a consolidation period afterward. Typically, there won't be a quick retracement following Fibonacci correction levels in the morning; instead, the price tends to consolidate sideways at high levels, and the specific retracement timing will depend on the afternoon performance.
Regarding the subsequent trading strategy, a retracement indeed presents a good opportunity to add positions, but the premise is to focus solely on long positions. The profit potential for shorts has been squeezed almost dry, and the larger-scale upward trend has not yet fully unfolded, so there's no need to chase short positions. From the weekly chart perspective, a rebound is brewing, and if further downside occurs, it will only find strong support at the key levels of 98,800 and 101,300.
In the intraday view, the 95,000 level is critical. If the price does not break below this support during a retracement, traders holding partial positions can consider doubling their holdings. Taking profits between 95,750 and 96,800 is more reasonable, as 96,800 is already the absolute high within 24 hours. According to retracement patterns, after a rally of over 5,000 points, a pullback of 2,000-2,500 points is within the normal technical range.
Ethereum is somewhat lagging behind Bitcoin, with resistance at 3,380 today. As long as it can hold this level, the next target can be the 3,600-3,796 range, where there is no particularly strong resistance within the 300-point space. The key to this rally is to hold onto the positions and not be scared out by volatility.
As for SOL, there's no need to go into detail; just watch the 156 and 168 levels. Overall, the bulls still have a chance for a decent rally.