Time quietly passes by, and in the blink of an eye, it is midnight. Bitcoin and Ethereum's trends diverge again today. Bitcoin is weak, retracing by structure, while Ethereum's retracement is limited, but its rebound is strong, sharply piercing to 4576, which is indeed exaggerated. Currently, Bitcoin is hovering around 109700, with some room for downward movement. The rebound short we arranged during the day has nearly captured a thousand points of space for Bitcoin, but Ethereum's movements are quite erratic, unfortunately triggering a stop loss. In the current market trend, maintaining good defense is key. Ethereum's fluctuations can easily exceed a hundred points, making it difficult to bear. Although the trend is clear, one should not gamble on its amplitude; it is essential to seek victory steadily!

From an overall structural perspective, Bitcoin is still undergoing retracement adjustments around a downward channel, with the midpoint serving as a pressure point. The high points are gradually moving down, indicating a change in trend. The era of looking bullish day and night has passed; conforming to the current market is crucial. There is no clear resistance below in the short term, and the only reference point is the previous adjustment position around 105000. If bearish, aim for this position first, as there are no significant news events to cause changes.

Bitcoin is short around 110000-110300 at midnight, looking at 107000.

Ethereum is short around 4540-4560 at midnight, looking at 4350$BTC .