The afternoon market further dipped below the 105000 mark, but did not give the bears further continuation, with a minimum pullback to around 104800 stopping the decline. The price quickly recovered to the 105000 mark, and the market is still in a consolidation phase. After Ethereum recovered to around 2600 in the afternoon, it continued to consolidate around the high levels. Both bulls and bears have not given clear signals, but the day’s high reclaimed the 2600 mark, remaining in a strong consolidation. Furthermore, the high-level consolidation in the morning further shifted the range upward. Although the Asian session provided continuation for the bulls, it also gave certain consolidation signals. The key support at the bottom remains intact, and the bulls are still in a strong position.

Looking at the four-hour chart, the morning's high was accompanied by a two-day decline as a correction of the market. However, the pullback did not break below the middle track and has now turned positive, recovering from the pullback. The lower shadow line touched the 7-day and 30-day moving averages and quickly recovered. The moving average system is also in a bullish correction phase, with the overall shape showing higher lows. In the short term, the market is still in a consolidation phase. The US market time is the main battlefield for a one-sided trend, so maintaining a low long position is advisable. Combining with the one-hour chart, the K-line pullback tested the middle track with a long lower shadow line, while the end of the shape is oscillating upward around the middle track. The KDJ indicator shows three lines bending upwards and gathering, indicating signs of a golden cross, which also reflects the strength of the bulls. The evening strategy should continue to maintain a buy-on-dip approach.

You can buy Bitcoin in the range of 104700-105000, looking at around 107000. You can buy Ethereum in the range of 2580-2600, looking at around 2700. #BTC