With the market continuously unfolding, the intraday chart is also gradually becoming clear. After Bitcoin broke through 110,000, it retraced, and we reminded everyone in a timely manner on the short term. The altcoin is just one step away from our target point of 2,600, having reached a high of 2,598 before retracing.

Looking at the overall market, the ability to drive prices up in the morning was not particularly strong due to the influence of fundamentals, coupled with the stock market being closed, which gradually weakened the stimulus from news.

On a smaller timeframe, after a slow decline on the four-hour chart, we saw four consecutive bullish candles. The market also started a strong rebound, but the 110,000 level, as a previously strong resistance level, still showed sufficient resistance; after the breakout, it did not show enough continuation and returned to a short-term oscillation adjustment phase.

On the hourly chart, the signs of short-term consolidation are quite obvious. After breaking through the high, the expected pullback did not create strong movement, but we still need to pay attention to the support situation at 109,000. If the market shows strong continuation, there is still a risk of further declines.

For subsequent short-term positioning, consider buying around 109,500 for Bitcoin, targeting 111,500; for the altcoin, consider buying around 2,550, targeting 2,600-2,650. $BTC $ETH #币安Alpha上新