Yesterday, the cryptocurrency market experienced a wave of high-level retracement. The cause was that during the early morning to dawn hours yesterday, Bitcoin surged once to 98,000 before beginning a weak retracement. As of now, we can see that after the market retreated near the support level of the order flow last night, testing the 97,000 level, the market started to face pressure and pull back. Today, the overall market sentiment has a clear dividing line: many friends are divided on whether to continue seeking opportunities in this wave of行情 or to rebound to around 97,000 and look for shorting opportunities. This is also the most worth discussing aspect of this wave of行情. I can first share my personal conclusion: I tend to lean more towards looking for long attempts. On one hand, the current timing is indeed close to the weekend, and there is an expectation that the行情 may continue to rebound. On the other hand, the four-hour trend is generally upward, with the moving averages gradually shifting, including the daily MA30 crossing above MA60, indicating some turning points. Additionally, after the high point near 98,000, the行情 is relatively expected to retrace in the short term. However, the retracement space needs to be confirmed at some support liquidity levels before you can determine the take-profit zone or the next trend. Therefore, in this situation, both bulls and bears have reasons to trade, but neither side has a highly certain plan to articulate. Under these circumstances, I will continue to choose, on one hand, the long-side betting I have been doing recently, and on the other hand, to follow the trend with some trial trades. For example, if the next行情 supports at 91,000-92,000, then after reaching this zone, I will attempt to trade to verify whether the行情 continues upward. If it moves up as expected, I can take some profit; if it fails and moves down, I will have a short-term position retracement. This involves using relatively small positions to verify my ideas or the current trend. So, for the upcoming行情, suppose today’s short-term rebounds, followed by a retracement and then a sideways震荡 over the weekend, with a low point before Monday, and then a rebound from that low point. I will try to focus on identifying that low point. The specific location of this low point depends on several factors: market liquidation data, on-chain data, order flow data, and technical analysis. We can estimate a rough level. There is also a simple method: since the starting point of this round was above 9000, as announced in the strategy group, up to the short-term confirmed high point, we can draw a Fibonacci retracement. You will find that the 50%-61.8% Fibonacci zone is roughly between 94,000 and 93,000. The support zone is near this range. If the行情 retraces to this zone without breaking it, there is still a chance for further upward movement. Therefore, whether for the take-profit zone for bears or the waiting area for bulls to observe support and confirm a long position, it may revolve around this range. The detailed data can be found in the strategy group. Next, we look at Ethereum. Recently, Ethereum has also been quite popular in discussions. Many traders are trading Ethereum in intraday contracts. This round of Ethereum has a clear liquidity release breakout. Starting from around 3200, this breakout is relatively healthy for Ethereum. Considering the overall high-level exchange rate and the liquidity released previously, I conclude that Ethereum has a potential for a continued bullish trend. So, when Ethereum retraces to the order flow levels, looking for long opportunities is reasonable. Overall, the current行情 remains relatively normal. Both bulls and bears have reasons to be optimistic or cautious. As before, I prefer a one-sided betting approach—whether the行情 is a sideways oscillation from November to December or a downward trend, or the current rebound. I choose one side because I am relatively good at it and because there is a clear daily-level rebound expectation embedded in the overall trend structure. Also, this行情 is not just because it has rebounded from 70,000+ to nearly 100,000; the profit mainly comes from the fact that during the previous oscillation cycle, by trading within the order flow at 84,000-86,000 long positions, and shorting near 89,000-90,000 or 91,000, the profit space was similar. The key difference is the watershed after this rebound started. So, this is not about whether to go long or short now, but rather, since both sides have valid reasons, why not choose a direction you prefer and can profit from? It’s not a matter of right or wrong. Ethereum’s rate has been decent, but I think it’s still some distance from its main bull wave starting. During this period, I will focus more on Bitcoin trades. For Ethereum, I prefer some low-position spot holdings to see when it can start its main bull wave, then look for long opportunities on the right side after retracements. I also checked the strongest one—DASH. DASH is about to hit $100 today. Congratulations to those who followed; I have already taken 60% profit. Other altcoins, based on the gainers list, show that today’s market overall has average enthusiasm and rotation. Besides DASH, which has a relatively high market cap and strong rotation, most of the top gainers are coins that no one has heard of or traded before, or have very low market caps. This indicates that intra-day trading behavior will largely depend on the US stock market opening and the end of this week’s震荡, before the new turning point on next Monday becomes clear.