The market for Baiwan is moving relatively slowly, with the price repeatedly testing the 105200 level before rebounding again. The 105000 level is gradually forming support. The 4-hour chart for Bitcoin maintains a fluctuating correction in the upper Bollinger band. The pattern has shifted from a stepped upward movement to a fluctuating upward movement, with each step followed by a pullback, each pullback breaking previous lows. The upward structure is good, and it can also be clearly seen from the 4-hour chart that the price is currently constrained by the previous high at 106775. Today, upon reaching this level, it quickly fell back. In the short term, we are looking at a breakout of this level. If this level can be effectively reclaimed, we can directly look up to above 109000. Of course, the current market trend is bullish. The inactivity of Baiwan can be seen as a buildup for the late market. After stabilizing the downward fluctuation, the late market will build momentum for a rise. In the afternoon, we continue to look bullish, choosing to enter long positions at lower levels, holding onto the position. If the market fails to rise and reclaim for a long time, we will flexibly apply the information patterns and structures released in the market, with all operations based on the actual market.

In the afternoon, Bitcoin can be bought in the range of 105300-104800, targeting around 107000; Ethereum can be bought in the range of 2490-2460, targeting around 2580. #比特币 $BTC