Looking back at the evening, Bitcoin continues its range-bound oscillation pattern. After a precise pullback at the 106500 line, it quickly surged, currently reporting the latest price. We have always emphasized that a pullback is a good opportunity for positioning; seizing the moment is key to success. The Ethereum trend is similar, after a drop to the 2710 area, it rapidly rebounded to the current price. We have made the following updates based on the latest developments.
For Bitcoin on the four-hour level, the Bollinger Bands are gradually narrowing, indicating that a significant market opportunity is approaching. Technical indicators show that during this round of pullback, the K-line has consistently been supported above the middle band and has not touched the lower band. The current formation shows signs of an upward breakout, indicating that bullish momentum is warming up while bearish strength continues to weaken, with market dominance shifting back to the bulls. Keeping our core analysis unchanged, we have made the above updates accordingly.
Buy Bitcoin at 106800-106500, targeting near 109500.
Buy Ethereum at 2730-2710, targeting near 2850.