As midnight approaches, our bearish outlook is also validated, with the price ratio giving a pullback as expected. Bitcoin dropped from a low of 106100 to around 105200, while Ethereum fell from around 2555 to about 2510. Old Lu also directly entered the market to short, seizing this wave of market movement.

On the one-hour chart for Bitcoin, after a series of consecutive bearish candles, the bears are starting to lose strength, momentum is beginning to weaken, the body of the bearish candle is shrinking, and the wicks are lengthening. The price ratio is returning to its previous support level before the drop. Overall, the market outlook is to buy Bitcoin around 104500-104000, with a target near 105800, and to buy Ethereum around 490, targeting near 2550.