On Thursday, there is no doubt that the main strategy is to go long, with bulls challenging the 100,000 mark.

As someone who has stayed up all night, I can still provide relatively objective advice. The current trend remains bullish, with a rapid spike in the early hours reaching the 99,580 area, followed by a pullback to confirm support at 98,300. The convoluted rhythm still cannot hinder the bulls' determination to push towards 100,000, and the Asian session continues to favor long positions.

From a technical perspective, the daily chart shows consecutive bullish candles closing flat, with bearish volume gradually decreasing. Once the 100,000 mark is broken, it may signal a potential rally towards previous highs; however, it is still wise not to be overly optimistic, as the back-and-forth price action is an unchanging rhythm. We should adhere to the principle of not establishing positions unless certain conditions are met, and we will not hesitate to short when necessary.

The end of the month and year is approaching, and we must remain vigilant about the risks of price manipulation. We should prepare for both short-term and medium-term trades while sticking to our own strategies without overly speculating on market direction. At any time, we must manage our positions and risk effectively.

Bitcoin: Go long in the 98,300-98,800 range, target 105,000; if it fails to break, then consider going short.

Ethereum: Go long in the 3,430-3,460 range, target 3,580; if it fails to break, then consider going short.

The market rhythm is too convoluted; just be patient. If you cannot do it well yourself, pay attention to Lao Xiao’s strategies. While we may not soar to great heights in one day, we can avoid many detours from now on. The real market awaits your participation, and I wish everyone the best.