Bitcoin's situation fluctuated dramatically in the early morning hours. The price fell again, quickly dropping below the 107,000 line, hitting a low of 106,723. However, there was a slight rebound in the market afterwards, and the current Bitcoin price is hovering around 107,500. Ethereum's performance during the early morning hours is also noteworthy, with the price primarily operating around a pattern of fragmented bearish to fragmented bullish movements, with both bulls and bears engaged in fierce tug-of-war, leaving the market in a delicate state of balance, filled with uncertainty.

From the analysis of the current overall market structure, although Bitcoin tested the key support level of 106,000 in the evening, the bearish force failed to sustain its momentum, ultimately ending the adjustment with a bottom rebound. This characteristic of the movement suggests that the current decline is not a typical weak market. Generally, a true weak downtrend presents continuity and an uninterrupted downward trend, constantly refreshing price lows and effectively maintaining the decline; even if a rebound correction occurs, it struggles to break through previous highs. In contrast, the current market exhibits a distinct characteristic of 'falling fast and rising fast.' After a brief dip in the early morning, bullish forces quickly gathered, gradually recovering lost ground at a stepwise upward pace, showing a steady upward attacking pattern of 'one step back, one glance back.' It is worth noting that there are relatively few bearish candles in the K-line pattern, mostly appearing as small bearish candles (fragmented bearish), which is significantly different from the typical weak downtrend rhythm. Technically, Bitcoin has successfully broken through the middle Bollinger Band resistance at the small cycle level. With the gradual upward movement of support levels, the bullish trend is becoming increasingly clear. In terms of operation, it is advisable to follow the trend.

You can buy Bitcoin at 107,000-107,500, looking towards 109,000. You can buy Ethereum at 2,630-2,650, looking towards 2,720. #BTC