The market needs a phase of pullback before it can start a rebound, so currently the market is indeed pulling back. As previously mentioned, this trend hedge involves shorting Bitcoin at 97 and rolling the position at the bottom of the second Bitcoin, following the trend. According to current expectations, this process is ongoing. The next step depends on whether this support zone can hold, then a rebound can start, reaching the next anticipated target. The current phase is within expectations, and we will see if it can follow the forecast this time.

Intraday market highlights: pullback is underway as expected.

The current BTC trend has not fallen very far; from the high of 98, it only dropped about 3000 points. The expected support zone is between 93-94. We also need to watch for a potential dip to 92-93 as a defensive measure. This is a significant retracement. The current high has also reached the target zone of 96-10. It’s unlikely to surge all at once; a pullback is a normal requirement. After this pullback finds support, we will observe the strength of the subsequent rebound—whether it can directly break through the 100,000 mark.

ETH is also pulling back in sync. The key support zone is between 3200-3260, with a need to watch for a dip to 3160. Depending on the situation, this could be the starting point for a rebound. If a rebound occurs within this range, it will be much stronger. After this bounce, we could see the 36-4000 range directly.