The early morning market has concluded without providing a strong one-sided structure, instead showing a slow oscillation upwards. The market's pullback to around 103600 yesterday aligns with our previous approach of going short first and then long. As the market's downward movement weakened and after the US stock market opened, the bullish trend continued to recover, further stabilizing above the 105000 mark, while the bearish momentum appeared relatively weak. Ethereum faced resistance at the 2570 level after a low pullback yesterday afternoon and has since continued to show an upward structure, providing a technical correction. Currently, the bulls have also broken through the resistance at the previous high, with the market oscillating around 2600.

From the current market perspective, Bitcoin has formed three consecutive bullish candles on the daily chart, and the closing price once again shows a long lower shadow, indicating strong support below. The current market is seen as breaking the resistance at the 106000 level, with a clear bullish trend for Bitcoin. If the upper 106000 level is not broken, the market will continue to maintain a range-bound oscillation, and the pullback space will continue to decrease. In terms of current shape, the market is likely to further rise and fall repeatedly. After recovering the mid-line, the bulls are expected to see further volume increase. The four-hour chart shows another bottom rebound action, with the current K-line breaking through the upper resistance and further breaking upwards. The Bollinger Bands show a flat state, and the support below is gradually moving up. Indicators showed a signal of bottom divergence during yesterday's pullback, and both the shape and indicators suggest a recovery for the bulls. It is recommended to continue maintaining a long approach.

In the morning, Bitcoin can be bought at 105000-105500, looking for around 107500. Ethereum can be bought at 2580-2550, looking for around 2700. $BTC #比特币