11.12 early morning
Suggestion
Bitcoin 103200-102500 fluctuation, target 105600-107100
Ethereum 3460-3400 fluctuation, target 3570-3650
Bitcoin is currently at the 104000 level↓ oscillating, with a four-hour level showing a solid bearish line directly breaking the middle Bollinger band, and after the momentum concentrates and releases, the short-term market presents a biased momentum pattern. However, as of now, the downward momentum has initially slowed, temporarily entering a phase of consolidation.
From the current pace of the market, whether it can directly start a rebound still holds uncertainty, with the core key being the effectiveness of support at the integer level of 103000 — if this position is lost, it is highly likely to further↓ test the strong support below; if it can stabilize successfully, a technical rebound may occur.
