$BTC 8.27 Thursday Morning Bitcoin and Ethereum Latest Market Analysis and Trading Suggestions:

The midnight market overall showed a trend of oscillation and pullback. Bitcoin faced resistance and fell back after reaching the resistance level of 112567, eventually dropping to around 110866 where it found effective support; Ethereum also faced pressure, declining from a high of 4650, hitting a low of 4482 before stabilizing. On Wednesday, early in the morning, Qianyu provided precise high short and low long strategies, making two long positions and three short positions in Bitcoin, gaining over 4900 points, while Ethereum also gained over 250 points with a similar strategy!

From the current market perspective, after reaching the resistance level of 112567 at midnight, it fell back. This price level is the recent rebound's peak and also the upper boundary of the previous oscillation range, which has significant short-term pressure; effective support is around 110866, which coincides with the 5-day moving average and serves as a confirmation point after last week's breakout. If it can continue to hold, a short-term oscillation upward trend may continue. Although there has been a pullback, there are no panic signals of "increased volume decline," indicating that selling pressure is relatively limited; the MACD indicator maintains a golden cross pattern above the zero axis, but the height of the red bars has slightly decreased, showing that short-term upward momentum has weakened, and one should be wary of the risk of indicator top divergence. The focus above is on the breakthrough of the 112567 resistance level; if it stabilizes, it could rise to the range of 114000-114500; if it breaks below the support at 110866, it may further decline to the range of 109000-109500.

Thursday Morning Strategy:

Long Bitcoin near 110800-111000, targeting 113000.

Long Ethereum near 4460, targeting 4660.