Four consecutive daily gains, the coin price has rebounded to the upper band of the Bollinger Bands, which are slowly opening up, indicating a strong short-term trend.

The MACD dual lines are initially forming a golden cross from a low position, with volume gently increasing. However, it is important to note that there is currently no favorable news support, and caution is advised when chasing the rise, with a key resistance level to watch at around 111000!

Bitcoin is heading south near 110300-110800, with a target around 106000.

Ethereum is heading south near 2740-2760, with a target around 2600.