After the ups and downs, the market has briefly returned to calm! The battle for key points has begun!

Overall in the market, after breaking the key point of 105000, there was a significant jump, with bulls and bears alternating back and forth, and the competition was fierce. The daily chart closed strongly in the green, and the overall trend remains evident.

On the four-hour chart, after a strong surge, market sentiment rose, continuously breaking through previous highs, but the bears' counterattack was also intense, accompanied by the inflow and outflow of large players, resulting in a structure of solid large bullish and bearish candles alternating. The continuous flipping of technical indicators has also added a sense of uncertainty to the subsequent market. It remains to be seen whether the 104000 level can transition from a previous key resistance level to a strong support level; if it continues to decline, it will test the 102500 position.

On the hourly chart, the fluctuations are more pronounced, and after the technical indicators uniformly declined, there is significant downward pressure. However, the lower bound is rising, and the bulls and bears will briefly battle around the 104000 level. If it breaks down and maintains low-level fluctuations, it will test the lower bound at around 103000, leading to a continuation of the downward trend.

In the subsequent short-term operations, first look for a pullback and focus on the 103000 level before arranging long positions. For Bitcoin, consider going long around 103000, looking towards 105500.

Due to the significant decline of the altcoins, but the rebound is weak, it mainly reflects the large gap between the inflow and outflow of Zijing, with the pullback depth slightly elevated to around 2300 before arranging long positions, looking towards 2500.