The market on Thursday has also come to an end. Looking back at the overall market trend during the day, Bitcoin's intraday performance showed a stepwise downward trend, primarily operating around the bearish side. During the day, it dropped from the 110,000 mark to a low of around 106,539, retracting nearly 3,500 points. Currently, the Bitcoin price has shown a slight rebound.

The performance of Ethereum is basically similar to Bitcoin. After a peak at around 2,879 in the early morning, it gradually tested the lower levels throughout the day, with the price declining all the way to a low of about 2,710 before stopping the decline and rebounding. The current price has warmed up to around 2,730.

Although the daily structure has broken down, the retraction lacks a certain degree of continuation and is also accompanied by some rebound potential. This is not the beginning of a trend change. With the closing of the medium bearish candle, the upward resistance near the upper range of 110,000 is under pressure and has retraced. The high has not broken, and the range has not been broken. The end of the day has returned to a low point, with high and low points concentrated in the trading range of the US market session, showing a tug-of-war oscillation. The wide base volatility remains considerable, but it is still operating within a range. The daily high and low closing is merely a phase of bullish accumulation. The four-hour level line has already shown a consecutive bearish trend, but overall it has not broken the bottom support, while the support of the upward trend line is near 106,500. Using the trend line as the dividing point, as long as the pullback does not break the support of the trend line, the bullish outlook remains. Conversely, if it breaks down, it will form an adjustment, which means a pullback in terms of space, and after the pullback, we will again look favorably on further bullish momentum.

At midnight, we can directly go long around 107,000 for Bitcoin, targeting 108,500.

For Ethereum, arrange to enter long around 2,700, with targets focusing on 2,780, 2,829, and 3,642.