$BTC Morning Market Review The market encountered resistance and fell back after reaching a high of 109107, dropping to a low of 108273 support level where it stabilized, followed by a technical rebound. Ethereum's trend showed that the price entered a fluctuating downward channel after testing the 2620 resistance level, eventually falling back to around 2588, presenting a mild adjustment overall. In today's morning strategy, we accurately grasped the market rhythm, positioning a short order at the 109000 level and taking profits near the 108300 support level, successfully capturing a space of 700 points.

From the current daily trend, the market shows a steady oscillating pattern, with prices fluctuating within a narrow range between the middle and upper bands, forming a clear alternating trend of bullish and bearish candles. The K-line bodies are generally short, with frequent appearances of upper and lower shadows, indicating a tug-of-war between bulls and bears within the current range, and the trading volume has not effectively expanded. The MACD indicator also hovers near the zero axis, with the fast and slow lines almost flat, suggesting a lack of clear breakthrough momentum in the market. From a technical analysis perspective, the Bollinger Bands continue to narrow, with the distance between the upper and lower bands significantly reduced compared to earlier periods. However, at this stage, due to trading volume maintaining below the average line, and the KDJ indicator repeatedly golden crossing and dead crossing around 50, it is highly likely that the market will continue to maintain a range-bound oscillating pattern in the short term, continuing to adopt a high sell low buy strategy.

Bitcoin: Short near 109000 Short-term target 107000

Ethereum: Short near 2640 Short-term target 2550