Fluctuations in the cryptocurrency market are normal; even if there are misjudgments, there is no need to panic. Last night, Bitcoin opened high and then 'plunged from a high platform,' dropping sharply from $106,524 with a volatility of over 3,900 points, and the market changes rapidly.
From a technical perspective, although Bitcoin continues to decline, the key support level has not been broken, and the lower Bollinger Band has not yet been touched, limiting the downside potential. The three consecutive bearish candles on the four-hour chart did not break through the core support, highlighting the resilience of the bulls; the one-hour chart has seen consecutive bullish candles, with the bottom round formation starting to appear, signaling a potential rebound.
The specific operation suggestions for midday are as follows:
Bitcoin: Long positions in the range of 102,800-103,300, with a target of 106,000.
Ethereum: Long positions in the range of 2,400-2,430, with a target of 2,500.
