The midnight market shows a volatile pullback, with Bitcoin reaching resistance at 112567 and retreating, finding support at 110866; Ethereum is under pressure from 4650, stabilizing at 4482. Last night in actual trading, two Bitcoin trades gained over 2000 points, and one Ethereum trade gained 67 points. In a volatile market, don't get caught up in small fluctuations; some are steadily taking profits.

From the chart, Bitcoin at 112567 is the recent rebound high and the upper boundary of previous volatility, showing significant short-term resistance; 110866 coincides with the 5-day moving average, which is the breakout retest point from last week, maintaining or continuing the volatile upward trend. The pullback is not on high volume, so selling pressure is limited; the MACD has a golden cross above the zero line but the red bars are shortening, so we need to be wary of a potential top divergence. Moving forward, watch for a breakthrough at 112567 and if it stabilizes, look for 114000-114500; if it breaks below 110866, it may test 109000-109500.

Thursday morning thoughts: Buy Bitcoin at 110800-111000, target 113000; Buy Ethereum near 4460, target 4660. $BTC $ETH