Morning

From the market perspective, the four-hour level is still in a low horizontal consolidation state, with no effective breakthroughs formed in either direction, maintaining an overall oscillating pattern. The Bollinger Bands are continuously narrowing, with the distance between the upper and lower bands gradually decreasing, indicating that the market is on the eve of a directional choice. Currently, the K-line has repeatedly shown long shadows, reflecting that the market's tug-of-war between bulls and bears is quite intense, but the price remains under pressure below the middle band of the Bollinger Bands, indicating that the weak pattern has not changed.

At the same time, the moving average system shows a bearish arrangement, with clear trend suppression. In the short term, as long as it cannot effectively stabilize above 106300, the bearish trend will continue to dominate, and the rebound space will be limited, warranting caution against the risk of another downward test.

​Trading suggestions:

​Bitcoin around 106300-106600, target 105300, stop loss 106800

​Ethereum around 2555-2570, target 2510, stop loss 2575 #币圈现状