$BTC 9.14 Bitcoin price today: The current price is around 115,800, and the overall wave structure has clearly been in the X-wave rebound phase since August 30. The previous W-wave decline has completed its layout. The X-wave pullback is a corrective move as expected and is not a signal for a bull run initiation. The subsequent Y-wave decline remains a likely direction, and the current structure has not undergone any substantial changes, so the trading strategy should still be executed as originally planned.

Ethereum has recently shown strong momentum, breaking out after a prolonged period of consolidation within a range. From a technical perspective, a small W-bottom structure has formed, and the theoretical minimum increase after the breakout is approximately $282, with the actual increase nearing this level. Although the trend appears strong, it still falls under the category of a rebound and does not indicate a trend reversal. Attention should be paid to the possibility of a Y-wave pullback following Bitcoin.

The trading suggestion is still to focus on medium to long-term layouts, primarily on the downward movement of wave Y, and it is not advisable to chase long positions at the end of wave X. Although Ethereum is strong, it is a structural rebound, so caution should be exercised regarding the risk of a pullback. The rebound of small coins is a recovery from overselling and not a trend opportunity. All operations must strictly adhere to the principle of "plan your trade, trade your plan" to avoid deviating from the established strategy due to market fluctuations.