The afternoon market has once again completed its cycle. The big coin fell to a low of 105900 during the midday retracement and stabilized before making a stair-step upward rise to the high point of around 107800. Ethereum mirrored the big coin's trend, but faced resistance after retracing to a low of 2405 and began to rebound, moving in a step-backward manner. Currently, it is also showing a trend of oscillation around 2430, with the overall structure still maintaining an upward test phase.

From the current perspective, the big coin's four-hour structure shows a continuous increase in bullish volume, and in conjunction with the intraday trend analysis, the market has been breaking through the upper resistance level after surpassing the upper track. However, it still maintains a step-backward trend of operation. In the short term, we can observe the stabilization situation in the range of 108000-106000. After a lateral consolidation on the hourly chart, it has been continuously building upward momentum, basically along the upper track of the Bollinger Bands, but it also lacks a certain degree of extension. For short-term operations, it is still recommended to watch for break levels within the range while responding flexibly based on the patterns.