Today's market situation is almost coming to an end. Bitcoin started to decline early this morning, dropping to around 101270 before rebounding and breaking through the 104000 line. The altcoin also weakened overall to around 2475, rebounding near the 2600 mark following Bitcoin's trend. Our strategy today is to capture the range rebound and follow the trend to short, while maintaining a relatively cautious layout as we have limited confidence in the market. Overall, our grasp of the situation is average; regardless of whether the market is bullish or bearish, all we need is to secure the results.
Bitcoin's daily K-line arrangement continues to consolidate within the range, with back-and-forth battles between bulls and bears. The current price trend is bullish, with the bulls in the lead. In the four-hour structure, a W bottom pattern has appeared, and the future trend will continue to rise. Currently, there is a three consecutive bullish structure. In the one-hour level, after hovering at the bottom, a strong bullish candle has emerged, with the body gradually showing signs of reduction. There are minor pullbacks within the smaller level. Overall, Bitcoin will continue to buy in the future, with the range set at around 104000-103500 for buying, and a target of around 104900. If it breaks, we will continue to look upward. For altcoin, buy around 2570, with a target near 2650.