Understand Bitcoin on Thursday night in one sentence: It rose again and fell back during the day. The pressure of the 100,000 mark above is still strong. The rebound is limited, and it is accumulating momentum for a decline. It is still in the process of a 4-hour level correction. The short-term downward trend in the range is clear. It is expected to continue to decline after a partial rebound, heading towards the 92,000-90,000 range!

On Thursday night, Bitcoin rebounded to 96,500-97,000 short, with a target of 94,500-93,000,

Ethereum rebounded to 3,400-3,430 short, with a target of 3,300-3,250!