The overall trend of the market from morning to midday shows a slow downward movement; however, it has not broken out of the current range and has not exhibited significant volatility. The overall situation indicates that the recent market is still very tense, and there has been no substantial breakout continuation. Therefore, the oscillating situation is quite understandable, and we maintain the mindset of high short and low long. In the morning, we suggested pulling back to go long, but unfortunately, the fall exceeded expectations, so we did not rush to enter the market. Thus, in the morning, we can patiently wait for the pullback to adjust before entering long positions to grasp every profit opportunity in this rhythm. Success is not achieved overnight; it is a gradual process accumulated over time. If you are still directionless in the market, lacking ideas and struggling to grasp the market situation, then why not follow Lao Chen's pace, coupled with real-time guidance, to help you experience an easy and effortless gain.

From the current market perspective, we maintain an optimistic attitude towards the continuation of the bulls and future expectations. What we have repeatedly emphasized is that adjustments are part of the upward movement, and adjustments do not change the operation of the bulls. After the adjustment is completed, we will still return to a strong upward rhythm. Although the daily upward movement is hindered above the middle track, a short-term pullback does exist. Currently, there may be a short-term pullback first, but there is a possibility of stabilizing and recovering. In terms of operation, it is advisable to manage positions by operating in batches at certain levels. Control positions a little smaller, and appropriately widen the stop-loss to avoid getting stopped out during the pullback before the rise. This week, there is a high probability that the bulls will reach new highs. Although the pullback space is gradually expanding, overall, it is still in a transitional phase of bullish accumulation. In terms of operation, it is advisable to manage positions by operating in batches at certain levels. From the perspective of the four-hour chart, the current 4-hour chart has the potential to break through and reach new highs again. The continuous winding consolidation is accumulating energy, with an upward elevation of the lows, and now we just need to wait for the power to break high and open up space.

In the morning, the Bitcoin is directly bullish around 114000-113800, aiming for 117000. Ethereum is directly bullish around 4320-4300, aiming for 4450.