From the current trend, the price of the coin has dropped to near the middle band of the Bollinger Bands.

However, this middle band has quite strong support; although the bears are pushing down, they haven't continued to exert force to break through directly. Looking at the KDJ indicator, the J line representing the short-term trend has dropped below 20, indicating that this wave of decline is almost exhausted, and a rebound correction is likely to occur next.

If the coin price can steadily hold above the middle band, the first target for a rebound upwards would be near the upper band at 105500. If trading tonight, it is recommended to buy low at the support level during a pullback, and appropriately short at the high-pressure zone during a rise; there are opportunities for both bulls and bears amidst market fluctuations.

Trading Suggestions

Buy Bitcoin around 103500, targeting around 105500.

Buy Ethereum around 2530, targeting around 2620.

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