From a technical perspective, on the four-hour level, the candlestick chart shows an alternating pattern of small bearish and bullish consolidations, with prices stabilizing above the lower Bollinger Band, indicating fierce competition between bulls and bears, but overall volatility is limited. Considering that market trading is usually light on weekends, the sideways consolidation trend may continue. On the one-hour level, the candlestick chart exhibits an interleaving of bullish and bearish movements, with balanced forces between bulls and bears. The MACD indicator's fast and slow lines are gradually converging below the zero axis, with downward momentum weakening; the KDJ indicator's three lines are hovering around 50, indicating no clear unilateral direction in the market.
Bitcoin shows significant support around 103000, while Ethereum shows clear support around 2400. Technical indicators suggest a slowdown in the downtrend, and stabilization signals are emerging, so attention can be focused on long opportunities during pullbacks.
Long Bitcoin around 103000 with a target of 106000.
Long Ethereum around 2400 with a target of 2500.
