Wednesday Bitcoin and Ethereum Market Summary and Thursday Market Analysis

On Wednesday, after a drop and a retest of the 102400 level, the market showed a fluctuating rebound, indicating bullish sentiment in the range of 102500 to 103000, ultimately rebounding to around 105300. Overall, the upward space was still within expectations, allowing everyone to capture over 2000 points of space. However, multiple rebounds during the day did not lead to continuation, encountering resistance around 105300 and falling back, breaking below the 104000 mark in the evening, and currently approaching the 101000 level. The multiple rebounds throughout the day faced pressure, and there was no upward breakthrough from yesterday's opening drop; we also adjusted our strategy in the evening. This bearish downturn has once again seized nearly 3000 points of space, achieving a perfect balance of long and short positions today.

Looking at the current trend, the key focus in the evening is still on the breakdown of 101000; if it breaks down, there is an expectation to continue testing the 100000 level. If it does not break, there is space for a rebound correction during the consolidation. The four-hour chart currently shows stability at the previous starting point and has not achieved a breakdown. In the short term, there is some buying support at the conversion position, so we can look for rebounds relying on the support below this evening; if it breaks, we should focus on the 100000 area.

Bitcoin, looking bullish near 101000, 103000;

Ethereum, looking bullish near 3400, 3500. #美国结束政府停摆 $BTC $ETH