This pullback is really quite significant. My initial capital was 20,000, and on January 15th it was at the 11.5 position. Today the market touched this level again. Looking back at yesterday's high to today's low, it dropped from 15.8 to 11.5—the magnitude is definitely notable.

Since the market reacted so quickly, I wasn't idle either. When Ethereum was hovering around 3290, I converted all the positions I had freed up into contract long positions. The focus of this round of adding positions was on Ethereum, followed by Bitcoin, and then I added some altcoins—APE, ICP, UNI, DOGE, TON. Now things have recovered somewhat, and my sentiment is relatively comfortable.

My outlook on the market is still bullish. For Bitcoin, I think the 100k-110k range is worth watching, and Ethereum around 4000 might show some performance. This is based on my observations of the price action and capital flows during this period. No matter how much the market fluctuates, the core logic remains the same—just keep tracking it.