On Monday, the market overall did not exhibit strong unilateral movement. After the price surged and faced resistance at the 105900 level yesterday, it fell back under pressure, temporarily dropping to around 103600, which aligns with our bearish outlook provided yesterday afternoon. As the price continued to dip without strength, the US market time saw bulls continuously recover, further stabilizing above the 105000 level, making the bearish trend seemingly non-existent. In terms of Ethereum, after hitting a low of 2570 yesterday afternoon and facing resistance, the price has shown continuous rebound signals. It is evident that the corrective signs have completed, and currently, the bulls have also broken through the resistance at the upper high point, with the price oscillating around 2600.

In terms of the current market, the daily structure has shown a signal of three consecutive bullish candles. The recent closing point has again formed a longer lower shadow, indicating strong buying capacity at the bottom. Currently, the market is under pressure to break through the 106000 level. The bullish signals for Bitcoin are evidently here, and the market's prolonged struggle to break through the 106000 level will likely continue to oscillate between the middle and lower tracks. The downside space will continue to shrink. In terms of current patterns, the price is likely to further rise; after recovering the middle track, the bulls will see further expansion, just as we mentioned in our weekly summary that the long-term outlook continues to see new highs. The four-hour chart has also formed a certain bottoming model. Currently, the candlestick has broken through the upper track resistance, further breaking upwards. The current Bollinger Bands are showing a flattening state, with the bottom space gradually moving up. Indicators have shown a signal of bottom divergence after yesterday's dip, and both the pattern and indicators suggest a bullish recovery. In terms of operation, we will continue to look upwards.

Bitcoin can be bought in the range of 105000-105500, with a short-term target around 107000. Ethereum can be bought around 2560, looking towards 2670.