Last night's market review:
The price comparison maintained a strong sideways trend, and the bears failed to dominate the pullback rhythm, completing a strong correction through sideways adjustment, oscillating around 103000. Ethereum synchronized with the consolidation, after dipping to a low of 2582 in the early morning, it stopped falling, currently running around 2595, with narrowing volatility.
From a technical analysis perspective, the daily level shows a fluctuating pattern, with a small bearish K-line accompanied by a long lower shadow, the Bollinger Bands opening upwards then tending to parallel, indicating that the market has entered an adjustment and accumulation phase. After three consecutive days of multiple long lower shadows, alternating bullish and bearish K-lines appeared, with gradually rising low points, showing that the bulls still have a strong dominance, with limited downward space and strong rebound repair strength. The four-hour level shows a quick rebound after two consecutive bearish candles, with clear support moving upwards, it is expected that the price comparison will likely continue the oscillating upward rhythm, waiting for a breakthrough opportunity, in the short term, it may first slightly retract before accumulating momentum for an upward attack.
Bitcoin 102600-103000 targeting 104500
Ethereum 2560-2580 targeting 2650
