On-chain data is undoubtedly slow to react to such a rapid influx. Trump's volatility is a constant threat, and coupled with the low liquidity during the weekend, unexpected events are most likely to occur. Just in case, I placed a conditional order near $121,000, as I'm willing to take profit there. If the price drops and then rises again, I'll be fine. In fact, the early morning signal had already reached the lowest blue line, currently at $101,000 (Figure 1); I personally believe this will be the upper limit of this correction. Of course, whether a trend has ended cannot be determined solely by one day's data. We also need to observe the behavior of whales over the next few days, the supply and demand relationship between long-term and short-term holders, and the sentiment of traders in the derivatives market. Looking at the short term, as shown in Figure 2, as long as three or four candlesticks on the 4-hour chart can hold above $112,441, the short-term trend will be considered stable. We are currently on the first candlestick. This article is sponsored by #Bitget | @Bitget_zh Additionally, Figure 1 now looks like this: