The market fluctuated little in the early session. This week is still different from last week's surge with high volume. The movement is still leaning towards a consolidation structure after the surge, and there was a certain pullback in the morning, with a minimum drop to around 108500 to stop the decline. Currently, the market is still consolidating around 108500. On the Ethereum side, there was a significant pullback after yesterday's surge. The inability to hold above the 2700 line last night also indicates strong pressure at the current high point. Overall, the trend in the larger cycle still shows a strong structure, but based on the current formation, there is no need to look for new highs in the short term.

From the current perspective, the daily structure still shows a strong ladder-like upward movement. The current correction after the surge is still being handled through sideways consolidation. The middle track is the lifeline of the current bulls; only after breaking the middle track will there be an opportunity for further deep adjustments. The position of the middle track has also reached the bottom of this week's fluctuation and pullback around 106000, which is consistent with the bottom support we are watching. The upper band of the Bollinger Bands shows a flat trend, and the middle track also shows signs of consolidation. The market has the opportunity to further move sideways before forming a corrective structure, which will allow for further upward probing. Looking at the small cycle four-hour chart, the K-line's upper shadow touches the upper track and is under pressure to retreat. The current market pullback has already fallen below the support of the middle track, but the Bollinger Bands still show a flat state, with no significant breaking formations on either side. The pullback has reached the lower track, and in terms of operation, we continue to maintain a bullish view on the pullback.

You can buy Bitcoin in the range of 107500-108000, aiming for around 110000. Consider adding positions around 107000 on pullbacks, with stop loss below 106000. For Ethereum, you can buy in the range of 2580-2600, aiming for around 2700. #BTC走势分析