$BTC

From the current overall structure, with the continuous increase in upward volume, the short-term recovery of most of the previous pullback space is under strong pressure around the 105000 level. In the four-hour structure, a V-shaped pattern has formed, operating around the lower track, followed by a sustained breakout of previous high positions, and the bullish candlestick has not left a long shadow line. In the hourly structure, after breaking upward, a pullback occurred, and the technical indicators also turned fully downward, increasing short-term downward pressure; however, the lower track is rising, and signs of stopping the decline are evident, which does not provide much room for further pullback. Therefore, around the midday, one can follow the low point of stopping the decline to enter short positions or enter high positions under pressure.

Bitcoin is expected to trade around 103500-103000, with expectations for 105000 and 106000. Ethereum is expected to trade around 2620-2600, with expectations for 2700-2740.