The intraday market has completed its movements, showing a trend of rising and falling throughout the day. It briefly broke through to 105900 in the morning, but the bulls could not sustain it and quickly fell back to around 103600. Subsequently, it formed a small V-shaped rebound, climbing to around 104500 before facing pressure again. Ethereum synchronized with this movement, dropping to a low of 2472 before stabilizing with Bitcoin. Overall, the volume is slightly stronger than Bitcoin, but the rebound failed to reclaim the key resistance level. Overall, the market remains in a weak oscillation range, and short-term rebound momentum is insufficient.

From the current trend, on the hourly chart, Bitcoin rebounded from 103600 to 104500 and continuously formed small bullish candles, creating a weak rebound structure. The mid-band resistance is evident, and it has not returned to a bullish dominant area. Although the MACD indicator shows a golden cross, the red bar momentum continues to shrink, indicating that the bulls are hesitant; the KDJ shows a high-level dead cross, suggesting further downside risk in the short term. The smaller time frame oscillates repeatedly around the Bollinger middle band, with no clear direction, mainly showing a weak oscillation structure. If it cannot stabilize above 104500, it is likely to test the support zone around 103600 again in the early morning. Watch for effective breakthroughs or failures at the key levels of 104500 and 103600.

Bitcoin attempts to go long at 103900-103600, targeting around 105500; if it encounters resistance and does not break through at 104500-104700, a light short position can be taken, targeting around 103600. Ethereum attempts to go long at the pullback of 2530-2510, targeting 2600; #我的COS交易 #中心化与去中心化交易所 #交易类型入门