Looking back at the morning market, Bitcoin slowly climbed to a high of 106750 before pulling back, now fluctuating around 106000; Ethereum also rose to a high of 2467 before correcting, currently fluctuating near the morning's starting point of 2440.
Overall, the market is showing a step-like slow upward structure. Although there are pullbacks along the way, the gradually elevated support levels indicate that momentum is continuously building.
On the four-hour chart, the BOLL bands still exhibit an expanding structure. After a strong price increase, it is slowly moving around below the upper band, showing a clear continuation of bullish momentum, but is severely constrained by selling pressure above, making it difficult to establish a strong one-sided trend.
On the hourly chart, prices have been operating for a long time between the middle and upper bands, with multiple breaches of the upper band quickly retreating. Recently, the closing prices have left relatively long lower shadows, indicating a strong willingness to pull back, but the bullish momentum hasn't provided much room for action, creating a relatively obvious short-term fluctuation and adjustment situation.
In the afternoon, the bullish trend from the morning continues, with Bitcoin recommended to buy near 106000, targeting 106800-107500. Ethereum is also recommended to buy near 2430, targeting 2480-2500. $ETH
