Bitcoin made a brief surge, with the price climbing to a high of 108782, but soon encountered resistance and fell back, hitting a low of 107300 at noon; Ethereum initially declined before rising, quickly entering a rebound mode after hitting a low of 2745 in the morning, peaking at 2787 before entering a range-bound oscillation, which is a normal state of accumulation and power buildup.
From a technical perspective, on the four-hour level, the market shows a four consecutive bearish trend, with the price breaking below the middle band of the Bollinger Bands, and the KDJ indicator's three lines forming a death cross, suggesting that bearish forces seem to dominate. However, the J value has entered the oversold area, indicating that bearish momentum may have been excessively consumed, and there is a potential for a market rebound. Moreover, as long as the Bitcoin price holds above the 107000 level, the bullish advantage remains quite clear. In the afternoon, we will still set up long positions with a strategy of selling high and buying low.
Bitcoin around 107000, target 108500
Ethereum around 2700, target 2850
