Thursday Morning Thoughts

From the current daily chart, the Bitcoin price has formed three consecutive bullish candles with increasing volume, with resistance around 109000 and secondary resistance around 110500. Support is observed around 105800, with secondary support around 101200. From the four-hour structure, the Bitcoin price is gradually decreasing in volume with the Bollinger Bands tightening, with resistance around 109300 and support around 104800, with secondary support around 100300. From the one-hour structure, the Bitcoin price is increasing in volume, operating within the upper-middle band range, with resistance around 108000 and support around 106200. The short-term trend is gradually moving downwards.

Bitcoin is expected to rebound around 107600-108300, looking towards 106300-105800.

Ethereum is expected to rebound around 2445-2480, looking towards 2375-2355.