Bitcoin and Ethereum experienced a brief decline yesterday but rebounded today. From yesterday to today, Bitcoin fell to a low of $105,000, while Ethereum dropped to a low of $2,370. The morning market saw a bounce back, with Bitcoin currently priced at $107,600 and Ethereum at $2,450. Based on the current trend, the bulls are once again fighting back, and there is potential for further price increases. Bitcoin's resistance is at $108,700, while Ethereum's pressure point is at $2,520.

Technical Analysis

Currently, looking at the hourly and four-hour charts, the hourly chart has reached the upper band of the Bollinger Bands, while the four-hour chart is facing resistance at the middle band. The current trend shows a staircase-like rise for the bulls, with no signs of a pullback. It is very likely to push further upward, but at this time, I personally do not recommend chasing long positions to avoid getting trapped at high levels. A more conservative approach would be to wait for a rise before going short.

Evening Trading Suggestions

For Bitcoin, it is advisable to execute small multiple trades in batches. The first entry opportunity is at $107,600 with a 2% short position, the second entry opportunity is at $108,200 with a 3% position, and the third entry opportunity is at $108,800 with a 5% position.

For Ethereum, also adopt a small multiple trading strategy in batches. The first entry opportunity is at $2,450 with a 2% short position, the second entry opportunity is at $2,480 with a 3% position, and the third entry opportunity is at $2,510 with a 5% position.

There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, and providing daily market analysis to offer you the latest trading strategy ideas, professional investment consulting services, and help you reach the peak of financial management.