The daily line closed strongly in the early morning, are the bulls still exerting force?

The market briefly touched the support at 103500 and rebounded, currently consolidating around 105800, overall still in a range-bound fluctuation. Attention is needed on the breakout situation around 106400; if it doesn't break or pulls back to the support at 103000. From the hourly chart, the Bollinger Bands are tightening, and the upward momentum is weakening. On the 4-hour and daily charts, the long lower shadow indicates strong support at 103500, and the daily line forms an upward channel with consecutive bullish candles. The MACD shows a golden cross, RSI is neutral to strong, and EMA indicates a short-term bullish arrangement. During the day, lightly hold high shorts and low longs, as recent volatility is large; it is essential to manage stop-loss and take-profit levels, and positions should not be too heavy.

In the consolidation phase, the direction is unclear; it is recommended to patiently wait for a breakout signal to avoid chasing highs and cutting lows. Aggressive traders can take small positions for quick trades! Target for 800-1000 points.

Operation:

Bitcoin revolves around 1074-1079, targeting down to 1059-1055.

Ethereum revolves around 268-272, targeting down to 256-260. #BTC #ETH $BTC $XRP