Thursday's market is about to end. Looking back at the overall market trend during the day, Bitcoin strongly surged to the 124545 line in the morning, once again refreshing its historical high. However, after reaching the high, it did not continue and basically operated around a downward trend in the afternoon. In the evening, it strongly broke downwards. The daily rise was nearly 7000 points. In the evening, it hit a low of 117410. Currently, the BTC price is still operating around the 118000 mark. Ethereum's trading hours on Thursday were relatively slow, basically oscillating back and forth between bullish and bearish. In the evening, it synchronized with BTC's strong bottoming out, hitting a low of 4455 before stopping and rebounding. Currently, the Ether price is operating around 4600.

From the current market perspective, the BTC four-hour level line shows a continuous decline, giving a certain rebound repair. The warming in the short cycle is not very obvious yet. However, the retraction of the bottom shadow line still indicates that the bulls have some room for counteraction. The strong volume of the bears is also effectively slowing down at present. In the midnight market, Lao Chen suggests focusing on going long at low levels. However, Lao Chen feels that the midnight market tends to favor a range-bound repair. Maintain range-bound operation.

Bitcoin: Long at 117500-117800 Target 119000
Ethereum: Long at 4580-4600 Target 4700 #BTC# #ETH# #BTC再创新高#