The afternoon's multiple long positions have been validated again. After Bitcoin pulled back to around the 103,300 line, it moved into a fluctuating rise, breaking through previous highs. Ether experienced a larger pullback, touching around the 2,450 line before moving upward, currently returning above 2,500, with both sides caught in a brief high-level fluctuation.
In the short term, Bitcoin is heavily pressured at the 105,000 line, which serves as a high point in the 105,000-102,500 resistance range. The brief breakout this morning has not shaken its determination as a strong resistance area. However, the upward trend remains strong, and we still need to watch for breakthrough situations at this position in the short term.
On the four-hour chart, after a solid bullish candle, there are two consecutive bearish candles, but the pullback has not breached the previous upward space, indicating a clear sign of stop-loss. Subsequently, if another solid bullish candle appears, the upward momentum will be strong. However, on the technical indicators, MACD continues to trend downward, slightly diverging from KDJ and candlestick patterns. Combined with the downward situation on the upper track, a high-level fluctuation will be maintained in the short term.
On the hourly chart, the technical indicators are trending upward, with the short-term advantage still with Bitcoin. The upper track is near the 105,000 line, and a breakout would lead to continuation. If it can sustain a breach near the four-hour upper track at 105,500, the upper space will open significantly.
In the short term, we still need to observe Bitcoin's performance first. If it breaks 10,500, then we continue to look at 10,500. For Ether, we look at 2,600. If pressured heavily, it will return to a high-level range for consolidation. Below, we focus on Bitcoin at 103,500 and Ether at the 2,450 line.
