Good afternoon everyone! Let's briefly review the market. Currently, the overall trend is in line with our expectations. From a weekly level perspective, the price has reached a key resistance level. To achieve a new round of breakthroughs, we must wait for new market catalysts. Analyzing the current technical structure, the bullish momentum has been increasing recently, allowing the price to quickly recover most of the previous losses. However, the 105000/106000 level still poses strong resistance, which was mentioned when the price reached 100000. In the small timeframe of 4 hours, the candlestick chart shows a standard V-shaped reversal. The price started to rebound after touching the lower Bollinger Band, breaking through consecutively. Yesterday, it closed with a bullish candle, and the body was relatively full, further confirming the current bullish structure.

On the hourly level, after breaking above the key level, the price experienced a technical pullback. Various indicators have weakened in the short term, but the Bollinger Band is currently steadily rising, forming effective support, indicating that the downside space is relatively limited.

Therefore, this afternoon, Bitcoin can be positioned for a long order between 103500-103000, with targets sequentially looking at the resistance at 105000 and 106000.

Ethereum can be attempted for a long order around 2600-2630, with targets aimed at 2700-2740.