Morning Market Analysis

From the current perspective, the price ratio rebounded to the 108860 line last night, then plunged downwards, continuing to decline in the early morning, gradually forcing out long positions. This has rendered the support below ineffective, breaking the support area of 106000-106500. Currently, the price ratio has dropped to a low of 105054, with a decline of 3000 points. Ethereum has remained steadfast above the 2600 mark, making no concessions. The morning strategy remains unchanged, continuing to expect the price ratio to recover, as the overall trend is still predominantly bullish. The big bull market continues, although this pullback has intensified. However, the defensive position for Bitcoin has shifted down to 104000; if it holds above this level, we continue to anticipate a recovery in long positions. A breakout would lead to further declines towards 102000.

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, targeting around 2700. #BTC #币安HODLer空投SOPH #以太坊ETF