As the Dragon Boat Festival approaches, the holiday is coming, and it's easy to collect some rice, isn't it a smooth collection? After the market touched the bottom and rebounded in the morning, it continued to fluctuate around 106000 during the afternoon. Ethereum synchronously recovered to the resistance level of 2650, and the market still shows a fluctuating structure. During the Asian session, the market remained near the resistance level, and further consolidation is needed for more volume.

Looking at the four-hour chart, although the bullish signal shows a fluctuating upward trend, after the Bollinger Bands opened, the middle and lower bands are running downwards simultaneously, indicating that after a brief upward probe, a correction is likely to occur. The key resistance level above is at 106500, and the breakthrough of this level will become an important turning point for the subsequent market. The hourly chart shows that the price has formed a bottom rebound pattern, with five consecutive bullish candles pushing the price upward. However, the current market buying momentum is slightly insufficient, and it is still in a range-bound correction state under pressure at the middle band. For subsequent operations, we will continue to look for a pullback.

You can short Bitcoin at 106000-106500, targeting around 104000. You can short Ethereum at 2630-2650, targeting around 2570. #BTC