The early morning market has ended, and Bitcoin remains in the same box structure, rebounding to around 104,000 before facing resistance and retreating. Recently, the bulls have been quite strong, providing a rebound immediately after a pullback. Ethereum has shown a similar pattern; the morning market has not fluctuated much, and it is still consolidating at a high level.
Currently, in the 4-hour price trend, the price has found support after dipping near the lower boundary. The K-line has formed a series of bullish candles, with solid and robust body structures. At present, the price has successfully reclaimed the middle line and is firmly above it. Reviewing this wave of downward movement, the market previously showed a strong bullish pattern. Subsequently, the trend has gradually evolved into a strong oscillating trend. During this process, the price movement has been winding and fluctuating; however, it is important to clarify that this still belongs to the pullback phase of the bullish uptrend. From a short-term perspective, market fluctuations may be relatively frequent. Therefore, in terms of operational direction, we will continue to maintain the strategy of low long and high short. After the price rises to a certain pressure point, we will look for opportunities to short.
In the morning, Bitcoin can be shorted between 104,000-104,500, targeting around 101,000, while Ethereum can be shorted between 2,550-2,570, targeting around 2,450.
