Looking back at the midday market, Bitcoin retraced to the 104143 line in the morning, and by midday, the Bitcoin price continued to rise and warm up. The intraday high warmed up to the 105500 line, and the current price trend is showing signs of slowing down. It is operating near the 105000 mark. Overall, it presents a corrective rebound structure. After a strong recovery in Ethereum early in the morning, it again saw a slight retracement to the 2491 line in the morning. By midday, it rose stepwise to the 2545 line.
From an overall structural perspective, there has been a strong retracement, and not just once, with a clear top-bottom conversion. The current rhythm of retracement has gradually released its strength, and what remains is to wait for an upward move. Coupled with the hourly level continuous decline to the lower track, the market is in a repair adjustment phase, with excessive bearish volume. This bottoming market can arrange long positions around the low points; there is neither a continuous rise nor a continuous fall. Here, we will first focus on the strength of the rebound to participate in long positions at lower levels.
For intraday Bitcoin, it is recommended to go long around 104800, with a target of 107000.
For intraday Ethereum, it is recommended to go long at 2510, with a target of 2600#BTC走势分析 .