Today's Market Analysis

Currently, Bitcoin and Ethereum have formed a sideways range at the 4-hour level, with smaller time frames showing small fluctuations within the range, in a bottoming phase after a downtrend. Generally speaking, the longer the sideways movement lasts, the higher the probability of an upward movement. However, disputes may escalate at any time, and the uncertainty makes bulls hesitant to enter the market easily.

In terms of operations, trade around the top and bottom of the sideways range, and avoid overextending positions. Today's key focus for Bitcoin is the level of 104410; if it stabilizes above this level, the market will move towards the top of the sideways range at 105475. If a successful breakthrough occurs, the upper targets can be looked at near 106740 - 107745 - 108900.