Reviewing the night, Bitcoin once again broke through the 110,000 mark, reaching the line of 110,500.

The MACD dual line indicator has completed the transition from a golden cross to a death cross. After entangling around the 0 axis for 5 teaching periods, the current gap is widening, and the green momentum bars continue to expand, indicating that the market power is dominating the short-term momentum.

Additionally, during the early morning period, suburban volume showed a stepwise contraction,

with the cumulative suburban volume from 23:00 to 03:00 being only 62% of the previous day's average, insufficient volume pairing limits the formation of a one-sided trend.

Adding to this is the liquidity gap caused by the NASDAQ's independent day break, which is expected to maintain a narrow oscillation pattern going forward.

Bitcoin: around 109,800-110,500, target: around 108,400-107,800

Ethereum: around 2,600-2,640, target: around 2,520-2,480 #币圈