Today's early market is showing a steady upward trend, with the overall movement primarily characterized by fluctuating rises. Although there was a brief technical pullback during the trading session, the market's bullish momentum is strong, with limited pullback and quickly finding support, ultimately not altering the overall rising trend. The market peaked at around 106777, and Ethereum also performed brightly, completing a technical adjustment near the support level of 2513 in the morning, driving a strong rebound in price. Bullish forces continue to accumulate, eventually pushing the price up to a high of 2620. After short positions exited in the morning, the rebound trend was missed.

Through in-depth analysis of daily technical charts, it is found that the market is at a critical period of long and short competition. From the candlestick pattern, the recent price shows an alternating pattern of bullish and bearish candles. The MACD indicator shows that the fast and slow lines are entangled near the zero axis, and the histogram shows a contraction trend, indicating that market momentum is gradually weakening. The Bollinger Bands indicator shows an overall neutral fluctuation pattern, with prices running close to the upper middle track, within the upper-middle track channel, but the opening amplitude of the upper and lower tracks has narrowed, indicating that market volatility is decreasing, and it is expected to likely continue to fluctuate in the short term.

Bitcoin: Short positions can be considered near 106800-107200, with a short-term target of 105000.

Ethereum: Short positions can be considered near 2620-2640, with a short-term target of 2550.