Last night, the price of Bitcoin surged and then retreated, reaching a peak of 88418 before pulling back. In the early morning, the price of Bitcoin dropped to a low of 86327. As of now, the market has transitioned from bearish to bullish, recovering and operating around 87500. The trend of Ethereum is exactly the opposite of Bitcoin; after a surge yesterday afternoon, the market has been consistently retreating, with the price dropping to a low of 1560 last night. From midnight until now, the price has mainly been oscillating around the low. The long position we set up at midnight yesterday took a profit of over 780 points in the early morning.

From a technical structure perspective on the four-hour chart, the Bollinger Bands are running parallel. After the price surged and retreated, there has been no significant change in its pattern. The price remains stable above the middle band of the Bollinger Bands and is oscillating. The MACD indicator is above the 0 axis, and the moving averages are relatively flat. The short-term trend maintains a fluctuating movement. It is recommended to focus on low long positions in the morning as long as the range is not broken.