Market trends are like the weather; alternating hot and cold often cause people to unknowingly miss a cycle. Looking back, $100,000 has become a thing of the past, yet it still feels out of reach.

In the past two days, Bitcoin's performance has been a typical oscillating downward trend. It tested the short-term support at 89,500 multiple times during the day and finally broke below it in the evening, with a low of around 89,200. Fortunately, there was some recovery afterward, and it is currently trading near 89,900. To be honest, although this wave of market movement isn't perfect in terms of operation, the multiple low-level long opportunities proved to be quite effective, and the evening short positions successfully pocketed over a thousand points, with Ethereum also gaining 80 points simultaneously. The recent volatility has been quite friendly; as long as each entry can capture a thousand points of space, this market is worth participating in.

The key now is not to be frightened by short-term pullbacks. Many people panic when the market drops, thinking it has turned, and rush to short, only to get trapped when the pullback isn't strong enough. Others start guessing the top to short, thinking it should fall after such a rise, but market movements never follow feelings. Before clear reversal signals appear, one should follow the existing trend; otherwise, the tuition paid will be heavy.

From the four-hour cycle perspective, the more vigorous the rebound, the stronger our reason to go long. This pullback doesn't change the overall upward trend framework.

Trading suggestions (Thursday night):
Bitcoin: Buy long at 89,700-89,500, target 92,500
Ethereum: Buy long at 3,050-3,030, target 3,200