Thursday afternoon, within the box structure, first long then short

After a round of early surges, the price has continued to decline, currently dropping to around 98,000, with strong resistance still at the 100,000 mark. The high short strategy provided in the morning has come to fruition as expected. The current price is supported around 98,000, and in this volatile trend, we don't look for a one-sided move but continue to treat it as a range.

In the short-term 4-hour chart, the candlestick patterns are alternating, but no continuation movements have emerged. Structurally, it is running within a box, and as long as the support at 97,500 is not effectively broken, the market will continue to rebound. The 100,000 mark is the turning point for the bullish trend; if the market cannot stabilize above this level, it is expected to maintain the current tug-of-war trend. In the afternoon, we will still focus on short-term operations, first long then short.

Bitcoin 98,000-97,500 area is long, target focus on 99,000-99,500 vicinity.

Ethereum 3,430-3,410 area is long, target focus on 3,500 vicinity.

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