Sister Bei's position received in the early morning is also trapped. The current trend is short-term bearish and long-term bullish. The mainstream altcoins have formed a descending channel in the short to medium term, while the long-term ascending channel has not broken yet and remains effective. Currently, Bitcoin has fallen to the key support level of 102,000, SOL at 160, PEPE at 1,250, and RAY at 3. These positions are the effective supports that Sister Bei mentioned before, and we can see some stabilization and rebound in the market. Whether it continues to break down or stabilize and rebound depends on the US stock market's performance tonight. Currently, the pre-market is opening low and moving lower. This long-short battle is still dominated by contract trading, with significant consumption on both sides. Long positions have liquidated 4.6 billion, and short positions 2.1 billion. The so-called small dip and small buy, from the perspective of spot cost-effectiveness, indeed has appeal. Although this week's trend is not optimistic, after all, a six-week consecutive rise on the weekly chart requires adjustment and repair. But from a long-term perspective, this wave of Bitcoin's rise has reached a new high of 107,108. As long as the pullback does not break 100,700, it is a healthy range fluctuation, and we can continue to be bullish. Mainstream altcoins do not pose significant risks unless they break below the middle track of the Bollinger Bands on the daily chart. Join Sister Bei's Telegram group #PEPE