After a brief dip, Bitcoin experienced a strong rebound, with the price reaching the key resistance level of 107727 before facing downward pressure. Ethereum's trend remains highly correlated with the overall market, showing a general downward oscillation. The bearish market that Xiao Ge accurately predicted has materialized as expected, further validating his unique market insight.
The 4-hour chart for Bitcoin shows a typical triangular convergence pattern, with both bulls and bears engaged in a tug-of-war within a narrow range, currently with bears slightly in the lead. The upper boundary of the price range is showing significant resistance, while the lower boundary has established a solid support line. From a technical indicator perspective: the KDJ indicator has formed a death cross, with the J value quickly retreating below the neutral zone, releasing a short-term bearish signal; the RSI indicator hovers around the 50 mid-axis, indicating weak short-term momentum but still maintaining relative balance in the medium term; although the MACD indicator's fast and slow lines remain in a bullish arrangement, the red momentum bars show that bullish strength has not completely faded, but it’s important to closely monitor the potential risk of weakening momentum. A high selling and low buying strategy can be adopted within the 106000-107900 range. Bitcoin: Buy near 106000 with a short-term target of 108000.
Ethereum: Buy near 2550 with a short-term target of 2620.