When we cross the thousand and hundred mark, see all kinds of trends, we realize that what we've been searching for—the so-called top and bottom—is actually just the heat and anticipation within our own hearts. This morning, it was indicated that a pullback was highly likely, after all, the early morning surge couldn't be sustained, but the decline is just a process of testing support. After adjustments, the upward trend will still resume. During the correction phase, the key point is the position of the structure, so I kept advising everyone to wait for a retracement opportunity before going long. The pullback this morning arrived as expected, just slightly stronger than anticipated. I only entered after the decline stopped, with a long position at 80,800. I took a 470-point profit in the afternoon and exited. The momentum of the white wave was somewhat sluggish, but there's no need to worry; this adjustment is only a temporary slowdown in the upward pace and won't disrupt the overall trend.

Currently, looking at the market, for the upcoming positions, the main approach is to follow the trend and continuously follow each pullback to go long. The resistance levels above have been tested multiple times during the surge, and after repeated attempts, the resistance has gradually weakened. Breaking through is imminent. The market trend naturally alternates between rises and falls. During the process of reaching new highs, short-term pullbacks and adjustments are normal. It’s also possible that the market will continue to test support downward in the short term. However, given the multiple solid support points below, and the fact that after each pullback the market tends to recover and move higher, the retracement remains an opportunity for us to go long. Structurally, Lao Hu still favors going long after a pullback gathers momentum to break previous highs.

Trading suggestions:

Bitcoin around 80,500–80,200, aiming for 82,500–83,000

Ethereums around 2,280–2,270, aiming for 2,380–2,400