The market activity of Thursday has come to a close, displaying a distinct divergence in intraday trends. During the day session, the Bitcoin market saw intense battles between bulls and bears, with prices caught in a tight range, exhibiting almost mirror-symmetrical rise and fall patterns, encountering strong resistance after reaching a high of 108,860. As night fell, the market changed dramatically, with Bitcoin's price experiencing a 'waterfall' collapse, plunging down to an intraday low of 106,400, catching us off guard. In contrast, Ethereum's movement sharply diverged from Bitcoin's. Since early morning, Ethereum's price opened a one-sided upward channel, continuously breaking through key resistance levels, successfully hitting a recent high of 2,788. However, the upward momentum could not be sustained, and the market sentiment sharply declined in the afternoon, initiating a deep correction, with the price currently retracting to around 2,620, showcasing a rapid shift in market dynamics. Our strategy to position long orders in pursuit of upward momentum experienced minor setbacks, but thanks to timely adjustments, we still achieved significant gains, with Bitcoin accumulating a total of 3,150 points intraday and Ethereum accumulating 105 points.

From the four-hour chart, Bitcoin's price is currently operating within a newly formed downward channel, but the price trend has shown clear signs of a reversal. The retreat after the highs falls within the normal range of technical adjustments, and the current overall market momentum needs to find effective support through pullbacks, thereby building strength for subsequent upward trends. In the one-hour chart, the Bollinger Bands are open, with bullish momentum continuously strengthening. The current price pullback is part of the market's normal fluctuation rhythm, as the market never solely experiences declines or rises. For us, accurately grasping the timing of entry is the key to victory. Therefore, the focus of the upcoming market is to observe the strength of the rebound after the pullback ends. It is worth noting that after the intraday price retracted to test the bottom support, it did not form a continuous decline but instead returned to the previous starting point. As long as the support at 106,000 is not breached, there remains room for a rebound. The strategy of pursuing upward momentum should be maintained through the early morning.

Bitcoin can be bought around 106,500, targeting 108,500. Ethereum can be bought between 2,620-2,650, targeting around 2,750. #BTC