In the new month's candlestick opening, the short positions have increased and prices are declining. In the early session, BTC surged to a high of 91000 but once fell below to around 86000, where it stopped declining. Overall, the market is still retracing to the Fibonacci key support level of this round of pullback. It is still too early to expect a deeper correction. As for Ethereum, it is also undergoing a deep pullback in sync with BTC, momentarily retracing to around 2800 without further breakdown, maintaining the key support level. This trend still indicates that long positions are heavily weighted, and there is still a whipsaw feeling in the market. Our early morning setup for long orders on BTC was also set to stop loss at 89000 after breaking the level, resulting in a loss of over 1000 points. The long order set near 3000 for Ethereum was also exited after a stop loss at 2950. It is indeed regrettable to incur losses; one must acknowledge mistakes. However, it is fortunate that previous medium to long term long positions have yielded sufficient profits. After the losses, finding the right opportunity to continue trading is essential. Currently, we are retracing to the key support level, and the strategy for the future remains to look for low long positions.

From the current market perspective, the daily chart candlesticks have consistently operated between the middle and lower tracks. After the early session close, the short positions continued to increase, pulling back nearly 3000 points, which has completely reversed the recent gains. However, after a pullback to the key support area, it did not break through. Therefore, the focus needs to be on whether the key evening U.S. stock market opening can provide the long positions with a second chance to attack and break through the high volatility range. Looking at the four-hour chart, the pullback following two large bearish candles will open up the Bollinger Bands, and the RSI indicator has also entered the oversold zone. In the future, it is necessary to determine whether the key support level around 86000, which was established earlier, can be maintained to plan the layout for long orders. In the short term, I still hold an optimistic view on the market's adjustment after the overall price returns to the volatility range, focusing on the game between key support and resistance levels. In the short term, I am more optimistic about the adjustments after a deep pullback.

You can go long on BTC around 86000, targeting near 88000. You can go long on Ether around 2800, targeting near 2930. #BTC