Morning Market Analysis: Short-term Volatility, Long-term Bullish

Recently, the cryptocurrency market has experienced significant volatility, with a clear divergence in the trends of Bitcoin and Ethereum.

Bitcoin: After rebounding to the 108860 level last night, it plummeted and continued its decline in the early morning. Bears are pushing back bulls in a slow downward manner, breaking the support range of 106000 - 106500, falling to a low of 105054, with a drop of 3000 points.

Ethereum, on the other hand, has shown resilience, consistently holding above the 2600 mark, and has not significantly retraced due to Bitcoin's decline.

Despite the short-term market volatility, the long-term trend in cryptocurrencies remains bullish. Currently, Bitcoin's defensive level has shifted down to 104000; if this level holds, bulls are expected to recover lost ground; if it breaks, it may continue to probe down to 102000.

Operational Advice: In the morning, Bitcoin can be bought in the range of 105500 - 105000.

Targeting around 108000; Ethereum can be bought in the range of 2630 - 2600, with a target near 2700.