Short-term decline, medium- and long-term entry at low prices

1. Analysis of current market situation:
• Technical aspect: Bitcoin is still fluctuating at a high level in the short term, and has not effectively broken through key resistance (such as 100K), while the support below (such as 95K) still needs to be tested. Once it falls below, it may trigger a larger level of correction.
• Emotional aspect: The market has fluctuated greatly recently, and some investors have taken profits at high levels, but panic selling has not yet been seen. Mainstream funds still tend to buy on dips.
• Macro aspect: The Fed's policy, global economic uncertainty, and ETF fund inflows have limited short-term impact, but they are still supporting factors in the long term.

2. Operational strategy:
• Short-term trading: If the price does not break through the 98K-100K range, you can consider shorting with a light position near 97.5K, with a stop loss set at 100K; if it falls below 95K, you can observe the support strength of 92K and wait for a rebound signal.
• Mid- to long-term layout: The current correction may provide a buying opportunity on dips, focusing on the 90K-92K area. If the price stabilizes, positions can be opened in batches, but positions must be strictly controlled.
• Risk management: Control leverage, strictly implement stop loss, and if market sentiment turns bearish, the possibility of a fall to 85K or even 80K cannot be ruled out.