Midday Analysis

From a short-term perspective, the BTC price may fluctuate within the range of 102500-104000. On one hand, the market is fiercely contested between bulls and bears, and technical indicators show a weakening upward momentum, indicating a need for a pullback; on the other hand, investor sentiment is optimistic, and mining profits are relatively high, providing some support for the price. If it can break through the resistance level of 105311, the price is expected to rise further, challenging the target of 108000 or even higher; if it falls below the support level of 101906, it may trigger a rapid decline, testing the support near 98000. From a medium to long-term perspective, despite short-term volatility, Bitcoin's scarcity and the continued interest from institutional investors still provide potential upward momentum for its price. As market infrastructure continues to improve, such as the development of Bitcoin ETFs, it is expected to attract more capital inflows, driving the price up. However, uncertainties such as the macroeconomic environment and regulatory policies may also have a significant impact on its price movements.

Bitcoin: Buy around 102800-103100 with a short-term target of around 104200-105000.

Ethereum: Buy around 2550-2580 with a short-term target of around 2650-2700.