The market on Thursday, $BTC is also about to end. Looking back at the overall market trend during the day, Bitcoin strongly surged to the 124545 level in the morning and once again refreshed its historical high. However, after reaching this high, it did not continue and basically operated around a downward trend in the afternoon. In the evening, it strongly broke down. The intraday increase was nearly 7000 points. In the evening, it reached a low of 117410. Currently, the Bitcoin price is still around the 118000 mark. Ethereum's intraday performance on Thursday was relatively slow, basically fluctuating back and forth between bulls and bears. In the evening, it synchronized with Bitcoin's strong bottoming out, with a minimum stop at the 4455 level rebounding. Currently, the Ethereum price is operating around 4600.

From the current market perspective, Bitcoin's four-hour level lines have shown consecutive downward movements, all providing some rebound corrections, but the warming in the small cycle is not very obvious yet. However, the closing of the bottom shadow still indicates that the bulls have some room for countering. The strong volume of bears has also been effectively alleviated. In the midnight market, Lao Chen suggests going long around the low position. However, Lao Chen feels that the midnight market is more inclined to do a range correction. Maintain range operations.

Bitcoin: Go long at 117500-117800, target 119000

Ethereum: Go long at 4580-4600, target 4700#BTC再创新高