After a significant rise in the morning, the market for Bitcoin has been oscillating between 104500 and 105000, with little fluctuation up and down, repeatedly testing the support and resistance points. Market momentum has entered a phase of accumulation and consolidation, and in the afternoon, we will focus on the breakout trend of these two points.
From the hourly perspective, the price is hovering in the upper band of the Bollinger Bands, continually testing the ability of the middle band to hold as resistance, but there is obviously no breakout trend. Bearish momentum is gradually being weakened, indicating that bullish strength will continue to strengthen. In the afternoon, we will maintain our strategy from the morning.
Bitcoin 104500-104000 range target 106000
Ethereum 2500 range target 2650
