Bitcoin Midday Analysis

From a 4-hour perspective, after experiencing a previous technical correction, the price has welcomed a rebound. The K-line entity has successfully broken through the middle band of the Bollinger Bands and is currently stabilizing above this midline area. The Bollinger Bands show a horizontal and parallel movement, indicating that the market has entered a typical range consolidation phase. In the short term, the price may oscillate between the upper band and the middle band of the Bollinger Bands, with the afternoon strategy focusing on buying low and selling high.

Bitcoin: Buy around 103400-102900 with a short-term target of about 104500-104000.

Ethereum: Buy around 2640 with a short-term target of 2720.