Bitcoin Evening Market Analysis and Trading Recommendations Today's market analysis shows a relatively complex and subtle situation, as follows:

Market Trends

The market declined during the day, experiencing a brief rally after the CPI data was released, but fell back after the U.S. stock market opened, returning to a trend of oscillation and decline, indicating that the overall market is relatively weak, with insufficient upward momentum, making it easily influenced by various factors that can change the trend. Further Market Analysis

The four-hour Bollinger Bands are gradually closing, indicating a narrowing of market volatility. Combined with the support range drawn at 106500-105600 below, it is highly probable that we will enter a consolidation phase in the short term. In this case, the continuity of the market is relatively poor, and chasing highs and cutting losses can easily lead to being stuck, so waiting for a clear directional breakthrough is more prudent.

Specific Trading Recommendations:

Bitcoin: Enter long positions near 107000, set stop loss at 106500, target around 109000.

Ethereum: Enter long positions near 2740, set stop loss at 2700, target around 2800.