1. BTC (Figure 1) The market enters a wide range of fluctuations, gradually digesting the previous high selling pressure, observing and patiently waiting for the bottom to rise signal to appear; 2. ETH (Figure 2) Target price range: Achieved: First target position 2800 (structural target position, upper boundary of channel); Attention: Second target bit 3000 (integer threshold, important pressure bit); Potential ultimate target position: 3300 (near channel 1:1, nearest supply area); If ETH fails to effectively break through the current upper boundary of the channel in the short term and ETHBTCLONGS completes clearance in that area at the same time, it is necessary to be highly alert to the risk of a temporary peak; 3. ETHBTCLONGS (Figure 3) Historical backtesting shows that the completion of ETHBTCLONGS' position reduction usually indicates a temporary top for ETH. We are currently in the process of rapidly reducing our holdings. If this speed is maintained, it is expected to be cleared within 2-3 days. ETH BTC