Looking back at the morning Bitcoin market, it has been in a range-bound state, quickly rebounding to the current level after hitting the bottom at 106500. We have consistently emphasized that a pullback allows for better entry, and only those who seize the opportunity can succeed. Ethereum follows a similar pattern, quickly rebounding to the current level after hitting the bottom at 2710.
From a four-hour perspective, Bitcoin's Bollinger Bands are gradually forming a closing trend. We all know this indicates that a major trend is about to arrive. From the technical indicators, the candlestick has not touched the lower band during the previous pullback, and there is currently an upward breakout trend, indicating that the market is gradually warming up, and the bearish forces are being gradually eliminated, allowing the market to regain dominance.
Bitcoin near 107000 (aggressive traders can target a 500-point space) Target 109500
Ethereum near 2750 (aggressive traders can target a 10-point space) Target 2850
