The intraday trend is relatively slow. After the high surge last night and the pullback in the early morning, the overall market shows signs of consolidating momentum. After retracing to the low level of 106068 in the morning, Bitcoin's price has begun to warm up, with a rise of over a thousand points, although the strength is not very significant. Currently, the price of Bitcoin is operating around the 107000 mark. The trend of Ethereum is basically the same as Bitcoin. After hitting a low in the morning, its price has seen a slight recovery by noon. It peaked at around 2617 but faced resistance, and has begun to slowly decline again.

From the current market analysis, after the overall pullback in the early morning, there has not been a second bottoming during the day. After a slight retracement, the price has rebounded again, indicating that the bullish momentum is effectively continuing, but the upward rhythm is showing slow recovery characteristics. On the hourly chart, prices continue to oscillate under pressure between the upper and lower Bollinger Bands, and multiple attempts have failed to break through the previous high. The short-term trend remains in a range-bound oscillation pattern. Combined with the daily chart, which may form a doji candlestick, it is expected that the short-term trend will continue to maintain a range-bound tug-of-war. Although the overall structure still leans towards bullish consolidation, repeated bottoming and recovery may become the main operating rhythm. The suggested operating strategy is: if the rebound fails to break through the previous high, maintain a short-selling mindset at higher points. After the price stabilizes at key support levels, long positions can still be arranged, with the overall focus on range-bound swing trading.

Operating Suggestions

Buy Bitcoin around 106800, target 108500

Buy Ethereum around 2550, target 2650#BTC走势分析