Market Thoughts

Looking back at the midnight Bitcoin market, it exhibited a range-bound oscillation. The price first dropped to a low around 117120 and then rebounded to a high around 118460, immediately facing pressure and falling back. Near the morning session, the market reached a low of 117267.

The midnight Ethereum market movement synchronized with Bitcoin, where the price rebounded to a high around 4575 before facing downward pressure. Near the morning session, the market fell back to a low around 4455 and then stopped. Bitcoin and Ethereum followed the midnight thought process perfectly, and as we approached the morning, the coin prices continued to decline as expected, reaching the anticipated entry points, currently moving in the target direction.

From an hourly perspective, the market experienced a round of downward movement, after which the bulls provided a slight rebound. All indicators showed upward turning points, and in the morning operations, we maintained a low long strategy.

Bitcoin: Long in the range of 118400-118000, target near 119500

Ethereum: Long in the range of 4560-4530, target near 4620-4650