Reviewing the day, Bitcoin has shown a downward oscillation trend. Dian Wei returned from 116100 to the low, touching the 114500 line before entering a consolidation phase, with the short-term volatility range narrowing.

Observing the hourly Bollinger Bands, the current channel continues to flatten, and there is no significant expansion between the three bands, indicating that short-term momentum is tending towards equilibrium. Dian Wei is operating between the middle band and the lower band, and has not effectively broken through the middle band resistance. Although short-term momentum sentiment is slightly dominant, the lower band has formed short-term support.

Bitcoin can oscillate around 114500-114000.

The target can be seen near 116000.

Ethereum can oscillate around 4710-4680.

The target can be seen near 4800.