The market witnessed in the morning after the decline of Bitcoin (BTC) stopped at the level of 102500, which gave some recovery to long positions, as we saw a rebound in long positions at the beginning of the day, and the price recovered to the level of 104400 before it stopped rising, and now the price is moving around 104000. While Ethereum is still following the movement of the large book, the market has returned to the right track, but the long positions in the morning did not continue to pressure the high level of 2600.

By analyzing the technical structure on the four-hour chart, clear signs of weakening downward momentum appear, and the effectiveness of the upward trend line is still being well maintained. As support levels gradually rise, selling momentum is continuously diminishing, and prices are gradually returning to a reasonable correction range. This technical corrective process requires time to accumulate, and the level of 102000 is expected to be the main support level in the short term, where the market will begin to oscillate or correct for confirmation. When prices rebound to higher levels, selling positions can be opened, and when they retreat near support levels, attempts can be made to open buying positions.