A new day, a new beginning. Looking back at the overall market in the early morning, Bitcoin's price has once again given a pullback and touched a low of 103,426, where it found support and rebounded, with the price starting to rise. Currently, the price is showing signs of approaching the 105,000 mark, which also confirms the bullish outlook we provided at midnight. Ethereum's movement also reached a low of 2,465 during the early morning.

From the overall rhythm of the current market, the price ratio has given a slight rebound after previously declining, and the price is gradually moving upward, albeit relatively slowly. As time progresses, the price ratio will also provide a sustained upward movement after the pullback, and breaking through the short-term resistance is only a matter of time. In terms of short-term structure and form, while the price ratio is slightly under pressure and has experienced a minor pullback, the strength of the pullback is not significant. This morning, Old Chen suggested that we can still participate around the low, focusing on the 106,000 mark.

Operation Suggestions

Long Bitcoin around 104,300-104,500. Target 106,000

Long Ethereum around 2,500. Target 2,580,169,634,188,00