The market continues to revolve around a narrow range of fluctuations, with Ethereum rising from 2508 to 2582 before facing resistance and pulling back. The overall market trend shows a pattern of first dipping and then rising.

From the current price movement, the price remains under pressure below the middle line of the Bollinger Bands and maintains a significant distance from it, indicating that the rebound momentum is clearly insufficient, and the key resistance level has not been broken. The overall pattern shows a downward fluctuation. Currently, the price is maintaining a narrow consolidation within the range of 104000-106000, with the Bollinger Bands continuing to narrow, and the price is running close to the lower band, with both the upper and lower bands moving downwards, intensifying short-term downward pressure; in the MACD indicator, the DIF and DEA lines continue to operate below the zero axis, and the negative histogram is constantly expanding, indicating that bearish momentum is still accumulating; although the KDJ indicator shows that the J line has slightly crossed above the 50 midline, the K and D lines remain in a weak zone with limited rebound strength; the RSI indicator shows that all three lines are below 50 in a weak zone, with buying power continuously weakening, and the short-term trend still leaning towards bearish. The current market lacks effective buying momentum, and considering the light trading over the weekend, the price fluctuations are limited. It is recommended to adopt a strategy of selling high and buying low within the range.

Bitcoin: Short near 105500-106000, short-term target 104000

Ethereum: Short near 2580, short-term target 2500