The afternoon market trend and expectations are basically in line, showing a slight pullback trend. The Bitcoin price dipped to around $105,950, found support, and stabilized after the decline. It has currently rebounded to the $106,300 area, encountering resistance, and is still in a small cycle of oscillation and consolidation. Regarding Ethereum, compared to the morning's fluctuations, some pullback momentum has been released, with the price dipping to around $2,420, stabilizing and rebounding, currently maintaining an oscillating and consolidating pattern near $2,440.

From the current 1-hour candlestick chart, after the market rebounded to the upper channel area, it faced pressure and fell back. The price again faced pressure after breaking through $106,750, forming a new consolidation range. Technical indicators show that the Bollinger Bands maintain an upward opening structure, but considering the current rebound momentum, a short-term oscillating trend is still possible. For short-term operations, it is advisable to focus on the $106,000-$106,500 range, adopting a high sell and low buy strategy, and wait for the market direction choice during the evening U.S. trading session before positioning for a unilateral market.