From early morning to dawn, after providing a bullish outlook, the market experienced a brief upward surge. We took a long position on the orange pattern and exited accordingly. Subsequently, the market retraced from the high of around 95,490, with the lowest reaching approximately 91,800. In the short term, the support below still provided some space, preventing further downside breakdowns. Therefore, after exiting the long position in the morning, we precisely followed the short side with the orange pattern. The entry points and target levels indicated by our analysis have been perfectly validated. Bitcoin's short position gained over 2,000 points again, and Ethereum gained over 100 points. Currently, the overall trend remains in a consolidation and correction phase, as the fluctuation range is quite large, typical of a shakeout to trap bulls. At this stage, the short side cannot continue indefinitely; the range of pullback is widening, and the bottom support shows signs of reversal. We can only follow the trend and adjust our positions accordingly.

From the current market situation, the overall trend is quite clear. The weekend's sideways consolidation led to a downward spike on Monday, retracing most of the previous gains and returning to the initial rally position. In the short term, the range remains broad, requiring some time for correction. During this correction phase, no significant moves are expected; the market will continue to undergo repeated adjustments. Based on the current trend, although the rebound strength is small, there is still a need for further upward movement. Our view is not to look for long opportunities after a rise but to remain bullish once the price breaks through key levels. Moving forward, we expect the correction to continue the bullish trend and look forward to a breakout to release more upward momentum. The market will likely attempt to push higher again. Currently, we maintain the strategy of waiting for a pullback to enter long positions.

On Monday morning, Bitcoin hovered around 92,200-92,000, with an expected target near 94,500. Ethereum hovered around 3,180-3,160, with an expected target near 3,300.