Thursday Silk Road Analysis:

The midnight market once again surged strongly, breaking through the 110,000 mark, with bears retreating step by step, unable to stop the fierce offensive of the bulls, which instead laid the groundwork for further advances by the bulls.

From a technical perspective, the short-term cycle maintains a fluctuating upward trend, continuously reaching new highs, continuing the pattern of breaking through high levels after recovering from previous gains. During this period, any pullbacks were not sustained but were quickly recovered in a bullish manner, demonstrating the bulls' control.

In the short term, although prices briefly dropped, they quickly regained lost ground and broke through previous highs, opening up an upward trading channel. Bullish volume is systematically arranged and continuously released, and after breaking through the resistance level above, the upward momentum is expected to continue.

Operation suggestion:

Bitcoin around 108,600-109,000, target around 110,800-111,500 $BTC