Looking back at the midday market, the price of Bitcoin rebounded after falling to a low of 103426 in the morning, reaching a peak of 105100 during the day. Overall, the market during the day tends to operate in a range-bound manner. The price fluctuation is not significant, running within the range of 104000-105500. The trend of Ethereum is basically similar to Bitcoin; after a rebound from the low in the early morning, the price fluctuates little during the afternoon, maintaining a range-bound consolidation.

From a technical structure perspective, the K-line has a small bearish retreat after touching the lower track, then warms up again to rise to the middle track. During the upward process, it was suppressed by price and failed to continue the rise, resulting in a bearish K-line retreat and leaving a long lower shadow. In the short term, there is strong support below. Structurally, the Bollinger Bands are in a squeezing formation without signs of turning. The trend continues with bulls recovering their momentum. The short cycle is in a consolidation phase, with weak pullback strength and insufficient bearish momentum. In the short term, bulls show strong recovery without much bearish release. This afternoon, we will follow the trend and look for long positions!

Operation Suggestions

Go long near 104000 for Bitcoin, target 106000.

Go long at 2500 for Ethereum, target 2580#BTC走势分析 .