#数字资产市场洞察 Thursday Early Morning Bitcoin and Ethereum Market Quick Read

Yesterday's market was like a roller coaster—Bitcoin hovered around 87,500 in the morning, only to surge to 90,360 in the evening, but failed to hold and was knocked down. The worst drop occurred at midnight, reaching 86,128, a significant decline. Ethereum kept pace closely, rebounding from 2,942 to 3,030 but then lost momentum, dropping further to around 2,832.

This move was relatively timely; Bitcoin captured a 3,731-point range, and although Ethereum only gained 100 points, at least it didn't miss the opportunity. Unfortunately, the sharp midnight dip triggered stop-losses—$BTC lost 639 points, $ETH lost 30 points. Risk control takes priority, and there's no way around it.

From a technical perspective, the four-hour chart shows typical oscillation characteristics: a quick pullback after an overnight rally, creating a situation where neither bulls nor bears gained an advantage. Currently, bears have the upper hand, but the key support at 86,000 remains intact, and there is still demand for a rebound. The MACD has generated a bullish crossover from the negative zone, with green bars shrinking, indicating that bearish momentum is waning.

On the one-hour chart, the Bollinger Bands' lower band is opening, with a clear downtrend, but the 86,000 level has not been effectively broken. In the short term, this is the dividing line between bulls and bears—standing above suggests continued rebound, breaking below signals a true shift to bearish.

The early morning outlook is clear: focus on long positions near support.

**Reference levels:**
- $BTC can consider long positions around 85,700-86,200, with attention to 88,000 above
- $ETH can go long in the 2800-2830 range, targeting 2920