The morning market has completed its movement again, with Bitcoin retracing to the resistance around the low point of 104500. Ethereum also follows the same trend as Bitcoin, retracing to the low point of 2482, facing resistance. Our bearish outlook from this morning is once again accurate; we entered a short position at 105325 when Bitcoin was at that level and exited at 104571, earning several hundred points in profit. The market remains favorable for trading, and the key is to accurately identify the high and low points, making it easier to capture gains.

Currently, from the market perspective, Bitcoin's four-hour structure shows a three consecutive bullish candles followed by signs of a bottom reversal. The bulls continue to oscillate upwards, not giving bears much space for a continued decline. Instead, there’s a pattern of making small retracements, and the K-line forms a second wave structure with slow upward oscillation. The middle Bollinger Band at 104500 can be treated as the first support level; as long as this level holds, there is still upward potential. On the hourly chart, a V-shaped structure is forming, but it hasn’t created significant reversal potential. Therefore, the afternoon trading strategy is to maintain a view of buying on the retracement, adapting flexibly to smaller chart patterns.

In the afternoon, Bitcoin can be bought in the range of 104500-105000, targeting around 107000. Ethereum can be bought in the range of 2470-2500, aiming for around 2600. #比特币 $BTC