Good morning, everyone! After experiencing fluctuations and adjustments in the market yesterday, the big coin initially tried to reach 105000 without success, then went through fluctuations and corrections, dipping to a low of 103500 this morning, and is currently fluctuating around that area; the altcoin has shown a relatively independent trend, fluctuating upwards to a high of 2527 in the early morning and then correcting slightly alongside the big coin.
Overall, the structure is still in a process of range compression, with further reductions in the expectations of interest rate cuts leading to corrections at certain levels.
On the four-hour chart, the upper track shows a clear downward trend, with significant pressure from above, accompanied by the upward movement of the middle and lower tracks. Both bulls and bears are gradually engaging in fierce competition, with the coin price operating long-term between the middle and upper tracks, while in the short term, the bulls still hold a slight advantage.
On the hourly chart, the fluctuation trend is evident. Under severe pressure from above, the support level below is also very strong. The bulls and bears each maintain an advantage for a certain period of time. Before the range convergence is completed, the fluctuation trend is likely to continue.
In the short term this morning, for the big coin, consider buying around the current price of 103800, targeting 104500; for the altcoin, consider buying around 2490, targeting 2550.
