Anything should be done within your capacity. Don't follow the crowd blindly. Taking one step at a time is the best rhythm to live well in the present. Whether the bull run is ongoing or still brewing, we don't know for sure, but the trend's retracement is already quite obvious. The only thing to do now is to stay optimistic about the current situation. The market fluctuates back and forth every day. As long as there's movement, there are opportunities. The monthly candle closed in the early hours, and there are no surprises with continued consecutive bearish candles. The bullish ideas shared yesterday also yielded slight gains. The trend consolidation has provided multiple short-term opportunities. However, as everyone knows, in such volatility, sometimes just a few days are enough to release the medium- to long-term space from the past. It’s clearly within reach, and missing it would be very unfortunate.

From a technical perspective, on the weekly K-line, the price has risen and then retraced, closing with a bearish candle. The bullish volume has not been enough to sustain the rally, leading to a correction. The trend has entered a correction phase, with downward space rapidly expanding. To recover and push higher, a certain period of groundwork is needed. Whether the bull run has started or not is not the main point; the retracement continues, and the downward space still needs further release. On the daily chart, the price oscillates upward but faces resistance and pulls back. The bullish volume is not converting into momentum, maintaining a bearish pattern. After wide-range tug-of-war, it remains in a weak bearish decline. Currently, the lower channel shows signs of opening up; it only takes an opportunity. The moving averages have not yet turned upward; instead, the downward turn of the bearish volume is more certain. The market has already entered a bear phase, not a reversal into a bearish trend retracement. Support levels are being tested repeatedly without effective recovery, just waiting for a bearish breakout.

In terms of trend strategy, we can focus on high short positions:
Midday Bitcoin around: 68000-68300, short, target 66000
Ethereum around: 2100-2100, short, target 1980