$BTC Yesterday at midnight, the Bitcoin market showed a pattern of first rising and then falling, with the price initially climbing to a high point of 115674 before facing resistance, and subsequently gradually retreating, nearing the morning when the price hit a low of 114732. Ethereum maintained a synchronized movement with Bitcoin at midnight, with the price peaking at a high of 3698 before stopping its decline, nearing the morning when the price touched a low of 3652.

After the daily line reached a high, there has been no significant pullback, with bullish momentum continuing to be released but the pace of the upward movement slightly slowing. The market remains in a strong upward channel, with the evening likely to be dominated by high-level fluctuations and corrections. The overall trend remains unchanged, and bulls still have room for further strength. The correction pattern is key: a sideways movement is a strong correction, while a pullback would be a weak correction. In terms of strategy, conservative individuals should focus on setting long positions around the pullback lows; if the market rejects a deep retracement, aggressive traders can follow the trend and continue to capture bullish opportunities.

On Thursday morning, focus on the Bitcoin range of 114500-114000 for longs, with a target of 116800, and for Ethereum, focus on the range of 3660-3640 for longs, with a target of 3750.