On Thursday, the market saw that BTC and Ether exhibited similar fluctuation trajectories. During the early session, BTC briefly corrected around 117000, then steadily oscillated upward, successfully reaching an intraday high of 118852. However, the long positions failed to sustain the rise, and the market quickly turned, initiating a pullback, dipping to a low of 117670 in the evening. It appears that 117500 has some support strength. Ether's performance peaked at 3878 during the day but encountered resistance and pressure, subsequently dipping in stages, ultimately stabilizing around 3760, presenting another narrow range oscillation.

From a technical analysis perspective, on the four-hour level, both BTC and Ether have experienced a series of three consecutive bearish dips, with the price gradually breaking below the middle track and approaching the lower track support. Although there has been a rebound in the current price, the bearish momentum has eased somewhat, but from the technical indicators, the market still remains in a downward trend in the short term. On the one-hour level, the BTC price continues to run along the middle track, with a brief pullback in the evening touching the lower track and quickly recovering the decline. The MACD momentum bars have shortened, indicating a weakening of volatility in the short-term market, but the long positions are clearly visible. As we enter Friday, coupled with the impending non-farm payroll data, it is essential to plan operations carefully, maintain good stop-loss and profit-taking strategies, and take profits when available.

Based on the above analysis, the midnight operation suggestion focuses on the strength of the rebound. One can target BTC in the range of 118700-119000, with a target down to 117500. Ether can be targeted around 3840, with targets at 3760 and 3700. Be sure to pay attention to the resistance zone above 3860-3880.