The bounce strategy suggested in the morning has been achieved. After the market pulled back to 104600, it began to rebound upwards, reaching a high near 105100. Friends who followed Old Wang's strategy should have gained a hundred points in this wave. Later, Old Wang mentioned in the blog that the strategy should be to short at high positions. I wonder if everyone managed to catch this wave, which again means nearly a thousand points of space.

As we move into the afternoon, observing the 4-hour market trend chart, the price has been oscillating near the lower Bollinger Band, continuously testing the support level below. However, this also proves the strength of the support level below. Although the market is currently under strong bearish sentiment, the information that the price can rebound after a downward movement, combined with the strong defense of the key support level at 103000, indicates that bullish forces are beginning to gather. Therefore, we will continue to maintain the strategy of buying low and shorting high in the afternoon.

Trading Suggestions:

For Bitcoin, watch the range of 104000-104500, aiming for 106000.

For Ethereum, look at the range of 2580-2500, targeting 2550.