Bitcoin has made a strong rebound at midnight, but the momentum in the morning is not strong. Overall, it is still fluctuating around the range, moving in a slow oscillation, which is not a trend reversal. The trend is still bearish with no changes. In the short cycle, the channel is starting to tighten. There is a struggle between the upper and lower bounds. It has also repeatedly confirmed the high point of wave B, with short-term oscillations accompanying the back-and-forth struggle, which is preparing for further unilateral momentum. From the combination of weekly and daily candlestick patterns, it still leans towards a further breakdown after consolidation to open up space. On Thursday afternoon, Bitcoin focuses on short positions below 114500, targeting around 112000, while Ethereum focuses on short positions near 4350-4400, targeting around 4180. #BTC走势分析 $BTC