Trends determine future direction. Major trends set the direction. Short-term trading that aligns with these trends is the key to success in the gold market. Investing is risk-free; risk comes from losing control. The market is always right; it's the human interpretation that's wrong! Bitcoin's price has been fluctuating at a high level since its midnight recovery. Bullish momentum was briefly unleashed, pushing the price up to 114,200. Currently, the overall shipping market is high, and the market is rebounding. We followed the trend and entered long positions in the Bitcoin market at midnight. The overall gains are impressive. Bitcoin gained another 1,000 points in the evening. Ethereum also gained another 50 points. Bitcoin's careful and steady approach during the day was flawless. Given the current trend, go long when necessary and go short when necessary. The market provides the right strategy for each market situation. The strategy is provided in advance, with clear and tangible clues. Followers should carefully navigate the market range.

Structurally, the market is still in a period of oscillating recovery. The magnitude and strength of this pullback should only be viewed as a correction, not a continuation of a test of the lower low. While volume is currently unilateral, support is relatively clear below, with the previous daily chart even breaking directly below. From a structural perspective, there is still some room for adjustment below, and it remains to be seen where it stabilizes. The potential for a pullback at this level could be large or small, depending on the pattern. Whether it leads to a strong recovery or a downward trend is a question that needs to be considered. The pullback from the highs within the short-term cycle is weak. We recommend going long in the morning to see if the rebound continues, and then follow up with a swing long position based on the strength of the continuation.

On Thursday morning, for Bitcoin, focus on 113200-113000, with a target around 115500. For Ether, focus on 4270-4250, with a target around 4380. $BTC