A year's plan starts with spring, and a day's plan starts with the morning. A new day marks a fresh start, and all plans and layouts need to be superiorly planned in the morning. In the midnight and early morning market, the coin prices once again saw intense competition between long and short positions. First, there was a wave of decline to around 50500 and 2867, followed by a slow and oscillating upward trend. In the morning, the bulls saw a strong upward trend, with Bitcoin reaching a high of 51991 and Ethereum reaching a high of 2982. Those who entered the market near 50700 and 2894 in the midnight have all exited in the morning, securing over 1000 points and over 60 points, respectively.
From the current market situation, the coin prices ultimately failed to break through for the second time, instead showing signs of exhaustion and defeat, leading to a downward trend. The four-hour chart is under pressure at the middle rail, and after a series of ups and downs, a one-sided rise has yet to emerge. The market is still within a range of oscillation, with the short-term high point moving up slightly. Structurally, the repeated probing and falling back still indicate a wide oscillation pattern. Intraday, it is advisable to wait for a deeper pullback before entering long positions.
On Thursday, it is advisable to short Bitcoin near 51900, with a target range of 51000-50500, and to short Ethereum near 2980, with a target range of 2900-2880.


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