Wednesday midnight, Bitcoin surged to the resistance line of 112300, retreated to 110300 in the morning, and saw a tug-of-war between bulls and bears, showing an upward oscillation in the evening; Ethereum also surged before falling into a range oscillation, with bulls and bears in a stalemate, and momentum entering a consolidation phase. Today's real trading gains were significant: the Bitcoin short position gained 1125 points in the morning, and the Ethereum short position gained 66 points; the Ethereum short position gained another 71 points at noon; the Bitcoin short position made a small profit of 877 points in the evening.

From a technical perspective, the four-hour cycle shows that the bullish momentum is nearing its end, with the trend continuation being suppressed. The resistance strength of the oscillation area at the middle band of the Bollinger Bands is key for layout, and attention must be paid to the outcome of the bulls vs. bears contest. Although the hourly line shows multiple consecutive bullish candles running towards the upper band of the Bollinger Bands, the entity of the bullish candles is narrowing, indicating insufficient willingness to chase gains, and signals of trend resistance are emerging.

Thursday midnight operation suggestions:

Bitcoin: Short in the range of 112800-113200, target 110000

Ethereum: Short in the range of 4650-4670, target 4450