Thursday Evening to Midnight Bitcoin (BTC) and Ethereum (ETH) Market Analysis and Trading Suggestions

I. Market Review

On Thursday evening, Bitcoin slightly rebounded to a high of 105878 before starting to retreat, dropping to a low of 103825; Ethereum's movement mirrored that of Bitcoin, falling from a high of 2640 to a low of 2562. The short positions in Bitcoin and Ethereum laid out by Jie Ge were entered around 105737 and 2635, respectively, and exited for profit near 104024 and 2570, with Bitcoin short positions capturing a space of 1700 points and Ethereum short positions yielding a space of 65 points.

II. Technical Analysis

(1) Four-Hour Level

The market maintains a step-down trend, but after a downward pinning touch to the lower Bollinger Band, it quickly rebounded, indicating strong resistance at the support level below. The MACD indicator shows the dual lines running close to the 0 axis, indicating a fierce tug-of-war between bulls and bears, with the market direction currently unclear.

(2) One-Hour Level

After a significant drop indicated by a large bearish candle, the market halted at the lower Bollinger Band. Among them, the psychological level of 104000 for Bitcoin and the lower Bollinger Band formed strong support, while Ethereum also showed support effects at corresponding levels. At the same time, the RSI indicator shows signs of a turning point among the three lines, suggesting that bullish strength may begin to accumulate in the short term, indicating a demand for rebound.

III. Trading Suggestions

(1) Bitcoin

Position long around 104000, setting a stop loss below 103700, with a target price aimed at 105800. If the price successfully breaks through 105800, consider moving the stop loss up to seek higher returns; if the target price is not reached and a reversal signal appears, promptly take profit or stop loss to exit.

(2) Ethereum

Attempt to go long around 2570, with a stop loss set at 2550, targeting 2650. Throughout the trading process, closely monitor market changes; if the price encounters resistance while moving up or falls below the stop loss, exit decisively to mitigate risk.