Yesterday, due to family matters, I was unable to update the post in a timely manner. However, the market trend on Thursday was clear, so let's review yesterday's market conditions: Bitcoin's price rebounded to around 110,000 after midnight but quickly faced pressure and fell back, opening a one-sided downward channel. It reached a key support level of 106,500 in the evening and rebounded from the bottom, currently rising back to around 107,500. Ethereum's trend was highly consistent with Bitcoin, rebounding strongly after hitting a low of 2,710, and the current price has stabilized at 2,720, with upward momentum significantly increasing.

From an overall perspective, Bitcoin's one-sided downward movement precisely targeted the 106,500 support level, which is exactly at the midpoint on the daily chart. Previous trend analysis has clearly indicated that 106,500 is the watershed that determines the dominance of bulls and bears. Despite frequent positive news in the market, Bitcoin faced heavy selling pressure at the 110,000 mark. If it can effectively hold above 106,500, the bullish pattern is expected to continue. From the daily chart perspective, the price remains in a wide fluctuation range, with the Bollinger Bands in a horizontal running state, indicating fierce market competition between bulls and bears. However, there are significant resistances above, and without stronger positive drivers, it will be difficult to break through historical highs in the short term. The four-hour chart shows that after a continuous downward trend, Bitcoin has begun to rebound, but this correction has slowed the upward trend. Although the bulls still hold an advantage, the likelihood of sustained one-sided upward movement in the short term is relatively low, and it is expected to fluctuate and accumulate momentum in the mid-band area, gradually moving into a fluctuating upward market. It is worth noting that there is a liquidity gap above 108,500, and caution is needed for the risk of price fluctuations in this area.

Bitcoin can be bought on dips around 107,000-106,500, aiming for a target price of 109,000; for Ethereum, it is recommended to lay out long positions in the 2,730-2,710 range, targeting 2,800.