Thursday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

1. Market Review

On Thursday, Bitcoin briefly dipped to a low of 104321 before rebounding slightly, stopping its upward movement upon reaching a high of 104880, and then dipping again; Ethereum peaked at 2634 before facing pressure, entering a mode of oscillating downward, with an afternoon low of 2580. The short positions in Bitcoin and Ethereum set by Sheng Ge during lunchtime entered the market around 105170 and 2631 respectively, ultimately exiting for profit around 104475 and 2590, with Bitcoin shorts achieving a profit of 700 points and Ethereum shorts gaining 41 points.

2. Technical Analysis

1. Four-hour Level: Both Bitcoin and Ethereum show a stair-step downward trend, with prices continually approaching the lower Bollinger Band. The candlestick chart depicts full-bodied bearish candles, indicating strong bearish forces and continuous bearish momentum, with overall market sentiment leaning towards weakness.

2. One-hour Level: After breaking below the middle Bollinger Band, the market gradually moves towards the lower band. Although there are occasional small bullish candles, the downward trend remains unchanged. Current bearish momentum has eased somewhat, with some support below leading to signs of a potential bounce, but the overall market continues to operate within a downward channel.

3. Trading Suggestions

1. Bitcoin: When the price rebounds to around 106000, consider initiating a short position, setting a stop loss above 106500, with a target at 104500.

2. Ethereum: When the price rises to around 2650, a light short position can be entered, with the stop loss set at 2680 and a target price of 2550.

4. Risk Warning

1. Evening market volatility may be exacerbated by trading hours in the European and American markets, necessitating close attention to relevant economic data and news changes.

2. The cryptocurrency market is highly volatile, with extreme movements such as spikes and sharp rises and falls; investors must strictly control their positions, set reasonable stop losses, and avoid significant losses due to sudden market changes.