From the current market perspective, the four-hour chart shows a 'bottom-fishing needle' pattern, which undoubtedly indicates that the bottom support has been effectively validated by the market in the short term. In the MACD indicator, the DIF line and DEA line are gradually narrowing above the zero axis, and the green momentum bars are also shrinking, all of which suggest that the market is about to undergo a shift. If the price can successfully break through the key resistance level of 108500, it will confirm the strong return of bullish forces. Currently, the overall trend of the market continues to follow a one-sided upward structure.
Thursday afternoon thoughts:
Buy Bitcoin around 107000
Target at 108500
Buy Ethereum around 2450
Target at 2550
