Thursday's short-term volatility was relatively intense, with the morning layout of long positions capturing more than a thousand points. In the afternoon, we planned to go long but were helpless as it continued to decline. Seeing the pattern was not right, we promptly switched to short positions. The long positions in Bitcoin hit a stop loss of over 700 points, then we reversed at 97239 and directly entered short positions in Bitcoin, also successfully capturing more than a thousand points, successfully recovering the losses. This highlights the importance of adaptability in trading, adjusting layouts based on patterns at any time.

The midnight outlook still sees a pullback continuing to test the support below, with short-term resistance above focusing on 96600 and 97600. Therefore, if one wants to participate in the market at midnight, they can short once relying on 96500 and 97500. The support below focuses on 94500 and 92500, with a defensive line at 98000. For Ethereum, the resistance at 3370 and 3400 can be attempted for a small short, with a defensive line at 3440.