Today’s morning market analysis from a technical perspective shows that after adjustments, the Bitcoin price trend exhibits typical characteristics of bottoming and rebound. Taking the BOLL indicator as an example, the previous price found support near the middle band of the Bollinger Bands, while the lower band serves as a 'safety cushion' for downward price movements. After hitting the bottom, the price began to rebound, gradually approaching the middle and upper bands, indicating momentum for breaking pressure and expanding upward space. Although the MACD indicator was previously in the negative zone, the changes in the forms of the DIF line and DEA line are worth noting. As the green bars shorten, the dual lines show signs of turning upward, which is a technical signal of market bullish strength accumulating, and a potential trend reversal. Regarding the moving average system, the short-term moving averages have shifted from convergence to gradual divergence, providing support for price increases. The positive signals from the technical aspects corroborate each other, attracting technical investors into the market, which serves as the fundamental driving force behind the price increase.

Based on the above analysis, we can continue to maintain an optimistic expectation for a bullish market.

Bitcoin 106200 long, target 108500

Ethereum 2530 long, target 2700