The afternoon market started at the 103696 line, and market sentiment quickly surged under the catalyst of favorable news. Bitcoin was the first to gain momentum, showing a one-sided upward trend, peaking at 105863. The price was unable to effectively hold above the resistance zone of 105800, then underwent a technical correction, currently maintaining a tug-of-war around 104300. Ethereum initiated a rebound from the 2484 low, reaching a high of 2624 before the price faced pressure and fell back to the 2526 line for support, currently oscillating in the 2530-2580 range. In the afternoon, Xiaoge accurately predicted the market trend, and Bitcoin's long position strategy around 104100 precisely captured the market, securing a profit of 1000 points when the price surged to 105100. As for Ethereum, a long position was ambushed at 2463 during the midnight period, and profits were taken at 2553.

From the 4-hour candlestick chart, the Bollinger Bands indicator shows a clear convergence trend, with the price volatility range gradually narrowing, currently running close to the middle band, indicating that the market is in a consolidation phase with relatively balanced buying and selling forces. The distance between the upper and lower bands continues to shrink. From the 1-hour level, there was a brief probing action that pierced the middle band, but quickly received support and rebounded, showing that there is some buying support near the middle band. It is worth noting that the upper band’s suppression of the price is particularly obvious, as there have been multiple instances of retreat after touching the upper band, forming a short-term resistance level. The market is currently returning to a range with support below and resistance above, and we continue to look upward in the evening.

Bitcoin: Buy around 104000-103600 with a short-term target of 105500.

Ethereum: Buy around 2520 with a short-term target of 2620.