After the weekend fluctuations, the correlation between Bitcoin and Ethereum is strong. Bitcoin rebounded after a slight drop to 104,399 in the early hours, currently fluctuating around 105,500; Ethereum surged to 2,559, faced resistance, and fell back.

On the four-hour level, it maintains a low-level sideways movement, with the Bollinger Bands narrowing, and bulls and bears are in a stalemate. The price is under pressure at the middle track of the Bollinger Bands, and the moving averages are in a bearish arrangement. In the short term, if Bitcoin cannot stabilize above 106,300, it will likely decline, with limited rebound potential.

Bitcoin target 105,400 - 106,000 downwards, aiming for 103,500.

Ethereum target 2,550 - 2,580 downwards, aiming for 2,400.