The market showed a typical range-bound trend on Thursday morning. The Bitcoin price rebounded from a low of 102536 early in the morning, fluctuating upward to the line of 103820. The Ether market found support at the line of 2545 and rebounded, reaching a high of 2646. Yesterday, we maintained a bullish outlook. Although we did not hit the perfect exit point, the trend was basically as expected, the direction was correct, and profit is in stability.

From a technical analysis perspective on the daily chart, a two-day bearish pullback trend has recently appeared. Although the bearish candle yesterday showed a downward trend in its body, the lower shadow was quite significant, and the price ratio did not break the lower support level. Although the price ratio showed a pullback, it still maintained operation near the upper Bollinger band. The upper band and middle band are maintaining a stable upward trend, indicating that the current bullish trend has not fundamentally changed; looking at the 4-hour chart, the price ratio has currently retreated to just below the middle Bollinger band, with long upper and lower shadows, showing a tug-of-war between bulls and bears, with good space on both sides. If effective support can be gained at the current lower Bollinger band position, the market is expected to regain upward momentum, and we will continue to look upward during the afternoon, with pullbacks favored.

Bitcoin can be bought at 102000-102500 in the afternoon, targeting around 104500; Ether can be bought at 2540-2570, targeting around 2700. #比特币 $BTC