Good afternoon, everyone.

Bitcoin $BTC last night experienced a sharp rise followed by a pullback. Isn't this exactly the same script I described in my post yesterday? Double top signals, textbook-level sell signals. But honestly, this correction hasn't gone deep enough; it’s like a scumbag repeatedly testing your bottom line — going down and then coming back up, going up and then down again, just not giving you a clean break.

Current market situation: highs are decreasing, lows are decreasing. This is a classic “downtrend continuation” pattern. Those repeated rebounds and pullbacks in the middle are just smokescreens—don’t be fooled by the hype.

Look at this movement: each rebound’s high is lower than the previous one, and the lows are also moving downward. That’s not a good sign. Several times it broke below support but was then pushed back up—looks intimidating, but it’s just draining the bulls’ strength. I don’t buy into those fake moves. I only recognize one thing: if you’re really strong, then break above 71267 and show me. If you can’t get above it and even break the previous small peak, what does that say? That’s just a fake-out.

So today, I’m watching the 71267 level. If it passes, then we talk about rebounds. If not, we keep watching for further correction.

Below that, 70400 is a minor support. If it really breaks down, don’t rush to buy the dip—wait and see if it can bounce back. If it can’t, then we look toward the 70k level. If 70k fails, then 69134 will be the next test. If it drops further from there, most of the previous gains will be wiped out—nothing more to say.

In terms of trading, I don’t like trying to catch the top or bottom—it’s too exhausting. I prefer waiting for signals:

· Break above 71267 with volume, and I’ll go long to catch a move.
· Break below 70400 and fail to recover, then I’ll short.
Otherwise, I’ll just sit back, relax, and watch the show.

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As for ETH, ah, this coin really isn’t very promising.

Bitcoin managed to hit a new high, but ETH didn’t even come close. Now, its support at 2174 looks paper-thin, repeatedly struggling there. It can’t get past 2198—no matter what, that’s a dead end. Many ask me if they should buy the dip. I say, what are you in a rush for? Wait until it breaks above 2198 before considering going long. Otherwise, buying in the middle of the move just means suffering for several more days.

If you’re waiting for a left-side order to catch a spike, you can place an order around 2047, with a stop-loss in place—don’t hold the position blindly. If it breaks below 2168 and you go short, don’t be greedy; if it drops near 2112, it’s time to exit.

Anyway, my current attitude toward ETH is: whether it rises or not, I’ll wait until it crosses the line before paying attention.

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That’s about it.

I’ve got all the key levels marked. When the time comes, I’ll act; if not, I’ll wait. This market is too volatile to force action.

I’ll update if there are any changes. That’s all for now.