Looking back at the afternoon market, Bitcoin broke through the 106,000 mark during the afternoon after a strong rise, reaching above that level, and then further rose past the 107,000 mark in the afternoon. It peaked at around 107,250 but faced resistance and pulled back. Currently, the price of Bitcoin is retracing to around 106,600. Ethereum's movement is generally similar to Bitcoin's, as it strongly rose to around 2,637 in the afternoon but faced resistance, entering a phase of correction with a slight pullback in the afternoon. We recommend being cautious in the afternoon, focusing on retracements before entering the market. The opportunity to enter has presented itself, and success is within reach.

From the current market perspective, after breaking through the 106,000 mark in the afternoon, it continued to rise to 107,250 but could not stabilize, forming a short-term top structure, and is now oscillating around 106,600. If the 106,000 mark is broken, it may accelerate the pullback. The four-hour level is currently around 65, which is not yet overbought, but if it drops below 60, it may indicate a short-term pullback. The DIF and DEA still show a golden cross, but the momentum has slightly weakened, and we need to watch for the formation of a death cross. The price is still near the upper track, and if it retraces to the middle track at 105,500, it may provide support. If the price stabilizes around 106,000, consider entering at a low with a target of 107,500. If it continues to rise and reaches 107,250 again, it may test the resistance at 108,000-108,150.

Currently, the market is still dominated by Bitcoin, with Ethereum following its fluctuations; we need to pay attention to whether BTC can stabilize above 107,000.

Ethereum whale holdings have increased, but in the short term, it still needs to break through 2,650 to confirm a new round of upward movement.

Wait for a pullback to support levels at Bitcoin 106,000 and Ethereum 2,550 before considering a low buy, avoiding chasing high positions.