Good morning everyone! Let's take a look back at the market from midnight to morning. Bitcoin entered a correction channel since midnight, showing signs of bottoming out, but the overall correction amplitude is limited, with a minimum touching the 108300 mark. From a technical perspective, this correction is considered a normal consolidation, neither a trend reversal signal nor exhibiting sustained downward momentum, but more like a buildup of strength for a subsequent bullish assault. Ethereum also experienced a downward trend, with the price once touching a temporary low of 2758.

Combining technical analysis, the 4-hour K-line chart of Bitcoin shows that the upward trend line remains solid, and the Bollinger Bands are gradually narrowing, indicating that the market is brewing a new directional choice. After the correction to the middle track of the Bollinger Bands, Bitcoin maintained a fluctuating recovery, triggering rapid rebounds each time it tested the lower support level, validating the effectiveness of the support range and limiting further downside space. The 4-hour chart of Ethereum clearly shows signs of stabilization. Based on the current market being trapped in sideways fluctuations in the short term, with the Bollinger Bands closing upwards, the overall trend still leans towards bullish dominance. This morning's strategy remains to buy on dips, paying attention to the strength of the corrective pullback.

Bitcoin can be bought near 108000, with a target of 110000;

Ethereum can be bought at 2740-2720, with a target near 2860. $BTC $ETH