As of $BTC , the current market trend indicates that after a strong rebound in Bitcoin, the price has reached the upper line of the 4-hour range. The upper and lower lines of the range can be considered traditional support or resistance. To break through the lower line of the range, bulls need to continue to consolidate and build momentum, or maintain an upward oscillation pattern. If it is under pressure, it will continue to oscillate within a triangular area in the short term. After the price started to rebound in the early morning, the bulls also provided a slight pullback, and the market exploded during the adjustment, with the price moving along the two major moving averages towards the upper band of the Bollinger Bands. In the short term, the technical analysis suggests that the trend of the coin price has shifted towards bullishness, and we should maintain a bullish mindset in our operations.

Bitcoin range: 112800-113300 Bullish Target focus 114500

Ethereum: 3130-3100 Bullish Target focus 3250