From the current market perspective, the price comparison is strongly consolidating at a high level, currently rebounding near the 109 level. Ethereum is above the 2600 level, moving in a convoluted and repeated manner. We have already entered the market for Bitcoin and are patiently waiting for the market to stabilize before giving a strong upward movement. If there is no breakthrough of significant resistance above, and a certain continuation is not given, we will firmly avoid short positions. We are quietly waiting for tonight's market movements.

The daily chart of Bitcoin continues the medium bullish K-line pattern from yesterday, touching the support below and recovering upward, returning to the previous range for consolidation. It is currently hovering near the high, undergoing a consolidation repair. Recently, the lower end of the market has gradually stabilized, showing a series of rebound patterns. Weak downward movements seem like a false alarm, with many inducing short positions. The bullish market still limits the short-term adjustment space for the price comparison, with not much force in the pullback and returning to the upper resistance range for tug-of-war. The daily line is currently close to the upper track, with attention on the significant high point of 110,000. If this level does not break, the consolidation will continue. The 4-hour chart shows a series of low-position green candles directly impacting the area below the upper track. The lower track has stabilized and rebounded to the upper track, with a slight pause yesterday at 108,500. This level belongs to the pressure area of the middle track, showing a tendency for top-bottom replacement. Currently, the opening is gradually turning upward, with a slow rise gradually squeezing shorts. In the short term, before breaking the range, we should still look for resistance near the upper track. If it breaks, we will adjust our strategy. The main strategy now is to move back and forth, with repeated short runs. However, we do not recommend holding short positions for long, as the trend still favors going long. Today's evening operation should revolve around entering long positions at lower levels.

Bitcoin can be bought long in the range of 108800-108300, targeting around 110500; Ethereum can be bought long in the range of 2620-2600, targeting around 2700. #比特币 $BTC