The midday market did not provide much space. After the morning rebound recovered to the 113590 level, it faced pressure and fell back, with the lowest point in the afternoon reaching the 112380 level. From an overall trend perspective, this wave of correction is still within expectations. Currently, the correction is testing the support below, but if it breaks below the previous low of 110900, it means that it will continue to move downward. At present, the overall market volatility space is not large, and it is caught in a tug-of-war, with neither bulls nor bears having effective continuation. For the current market situation, accumulating positions with a short-term operational mindset is still very good. The overall trend and rhythm are operating in a cyclical manner within the box, providing good entry opportunities for both bulls and bears. Our recommendation for trading today is to mainly focus on low longs and complement with high shorts.

From the current market perspective, the 4-hour trend is very clear. Recently, the market has not seen much continuation from either side, and the overall market is oscillating back and forth around the upper and lower bands of the Bollinger Bands. In the afternoon, after reaching the lower band support, it rebounded again. Currently, it can be clearly said that we are in a box oscillation rhythm, so in terms of operation, do not focus too much on one-sided trades. If the upper resistance does not break, one can consider going short; if the lower support holds, one can consider going long. The key is to trade both ways to gain profit.

Bitcoin:112300-112000 Long Target: Focus on 114500

Ethereum:4060-4040 Long Target: Focus on 4200$BTC