Personal judgment on the future market trend remains consistent. From my trading system perspective, this bull market has actually already ended prematurely. I remember the surge in mid-August when Bitcoin approached the 124,400 level and Ethereum touched around 4,800. At that time, I chose to reduce my positions.

However, the end of a bull market does not mean there are no rebound opportunities. It is highly likely that there will be another wave of rebounds towards the 100,000 range or even the 105,000-110,000 zone, tempting more traders. As for whether there will be a long-term bull market, honestly, it’s hard to predict. It’s best to follow your own trading logic.

In the short term, if the main market cannot hold the 91,000 level, and Ethereum cannot defend the 3,000-3,050 line, then a move down to 83,000-80,000, or even breaking through the 80,000 integer level, is a very normal rhythm. After completing the bottoming process, a rebound would be more solid. For Ethereum, this might mean dropping to 2,700-2,500, or even lower, to be considered fully bottomed out.

The overall logic is this: whether the market continues to decline or not, there should ultimately be a rebound towards 100,000 to tempt more buyers, with Ethereum corresponding to the 3,500-4,000 range. After this temptation phase, the market will likely resume a downtrend into a bear cycle. These are just personal opinions; trading should still be based on your own system.