《Midnight Cryptocurrency Slightly Rebounds After Pullback, Bitcoin and Ethereum Consolidate》
Bitcoin continued its pullback during the midnight hours, with prices dipping to around $108,000 before stabilizing and then rebounding to around $108,500. The 4-hour K-line shows that BTC has formed a long lower shadow at the support level of the lower Bollinger Band, and the RSI indicator has rebounded from the oversold zone to 40. Short-term bearish momentum has eased somewhat, but trading volume has shrunk by 18% year-on-year, and the rebound strength remains mild.
Ethereum has also pulled back, retreating from the daily high of 2880 to hover around the 2750 range, with the 2740 middle Bollinger Band forming effective support. The MACD green bars have not yet expanded, indicating that the adjustment still falls within the technical repair category.
The current market is in a digestion period after the data release, and attention should be paid to the breakout of resistance levels at 110,000 (BTC) and 2800 (ETH), as the volume will determine the short-term direction.
Morning Recommendations
Bitcoin 107800-108300 bullish Target 110000
Ethereum 2730-2760 bullish Target 2850
