The market trends during Thursday's daytime trading are relatively tense, with the price fluctuating within a certain range throughout the day. Looking back at the afternoon market, the price remains within the range, with overall market movements neither breaking upward nor downward. The intraday high reached the resistance level around 105185, while the afternoon low did not break below 104000. Ethereum's movement in the afternoon was slightly stronger, with a slight rise reaching a high of around 2544. We have consistently provided bullish signals throughout the day, and currently, the long positions are still in profit or maintaining gains.

From the four-hour chart, the current market structure shows a wide range of fluctuations, confirming that prices are repeatedly oscillating between clear upper resistance and lower support levels without forming a unilateral trend. Both bulls and bears have been unable to sustain breakthroughs, with candlesticks frequently showing long upper and lower shadows, indicating that the market is in a tug-of-war phase. Recent trend observations show that rebounds are encountering obstacles, with prices testing the upper resistance multiple times before retreating, forming a high and pullback pattern, indicating strong selling pressure at high levels. However, the pullbacks do not break the lows, and each time there is a pullback to the lower support, a rebound occurs, suggesting effective buying support at lower levels. The daytime market has also not shown much improvement, and it is expected that the market will make a move in the evening. We will focus on the gain or loss at the 104000 level in the evening. If the pullback breaks below, we will shorts in line with the trend; if it does not break, we can enter long positions at lower levels.

Trading Recommendations

Long positions at 103800-104000 for Bitcoin, target 106500

Long positions near 2500 for Ethereum, target 2580#BTC走势分析