The morning market has once again completed its cycle, with Bitcoin retreating to stabilize around the low point of 110,700, followed by a rebound to the high point of 111,700 where it faced pressure. It remains in a correction state after a significant surge. Ethereum, on the other hand, has broken through the 2,700 mark after a continuous rise this morning but is now under pressure with a fluctuating trend. After providing a bullish outlook this morning, Feige also positioned Ethereum to buy at 2,660, planning to exit when it rises to 2,725, achieving a profit of 65 points. The remaining positions can continue to target around 2,750. This is how the market trend is; in a bull market, don’t aim too high, as strong momentum doesn’t indicate a peak, and when there are no signals for new highs, one must be fearless.

Currently, from the market perspective, Bitcoin's four-hour structure is still in a broad sideways consolidation range, with short-term back-and-forth trading forming signs of a technical bottom rebound but not leading to a sustained breakthrough of a one-sided effective structure. Instead, it has reached a point where it shows signs of pressure at the middle track. Therefore, the range of 113,000-110,000 should be closely monitored. In Ethereum's four-hour structure, it has been consistently breaking through with consecutive bullish candles. When Bitcoin reached a new high, Ethereum was at its peak. Currently, the two are not comparable, and there is still room for further gains in the future. However, after the sharp rise, a certain strong pullback is also likely. Therefore, the strategy remains to buy on pullbacks, adapting flexibly to the market's bullish and bearish patterns.

In the afternoon, Bitcoin can be bought in the range of 110,300-110,800, looking towards 112,500, while Ethereum can be bought in the range of 2,670-2,700, aiming for around 2,800. #比特币 $BTC