Today's Market Overview (2) Looking at the bigger picture, on-chain... The cost line for short-term holders (the on-chain short-to-medium cycle bull/bear dividing line) is currently around 75.8k (Figure 1). This is also the low point of 75k in September... We'll see if the daily chart can hold above 75k. A break below this level would open the door to the gap below, as shown in Figure 2. Looking at the two bull/bear models on the chain... it's still in bullish territory so far (Figure 3). It should turn bearish below 75k... Therefore, today we can only continue to observe the sentiment in the US stock market... Intraday, if there's a surge in volume and a rebound near the previous low of 76.5, we could consider a long position... If it's a continuous sell-off, we'll have to wait until the US stock market closes or the weekend for an opportunity... The SFP near 75k also presents an intraday opportunity... So now it's about seeing the funds that missed the previous opportunity and want to enter this wave versus the selling pressure... As shown in Figure 4...