After experiencing the fluctuations of the early morning, the morning market has shown some upward movement, but the point fluctuations remain small, quickly retreating after touching the 107500 level. Ethereum returned above 2500 again in the early morning and has now pulled back, currently oscillating around 2490.
Overall, the market shows that the fluctuation range is gradually narrowing, currently shifting from a short-term wide fluctuation to a narrow fluctuation, accompanied by the convergence of the range leading to a breakout.
After consecutive daily gains, a loss was recorded, ultimately failing to have a substantial impact on the 108500-109000 range, thus unable to break free from the constraints of the downward channel, with the trend still dominating the market.
On the four-hour chart, after a peak reached yesterday morning, there has been a fluctuation and pullback, during which the momentum occasionally surged but struggled to recover the overall decline, and the strong support effect of the middle track is gradually being worn down, with the focus still on testing key support.
In the short term, for Bitcoin, look around the 107500 level, and observe 106500-105800. For Ethereum, look around the 2500 level, and observe 2440.#PCE数据来袭
