According to the current market situation, the four-hour level shows that the market is approaching the middle track of the Bollinger Bands with a trend of two consecutive bearish candles. However, there are long lower shadows below the bearish candle bodies, indicating that the middle track of the Bollinger Bands provides strong support. Additionally, the MACD indicator has formed a golden cross and has not turned downwards, and the indicator histogram remains above the zero axis. Therefore, after a certain pullback, it is highly likely that the market will warm up and rise again. From the one-hour level, the market is showing a downward trend with four consecutive bearish candles, and there is strong bearish momentum in the short term. However, the KDJ indicator's K and J values have entered the overbought zone. Thus, for tonight's trading, we can first observe the strength of the pullback and look to enter long positions at lower levels.
Bitcoin: Long around 107800-107500, target at 109500.
Ethereum: Long around 2520-2500, target at 2650.
