Thursday Afternoon Bitcoin Ethereum Analysis

The intraday price movements have not shown significant fluctuations, oscillating within the range of 104500-105500, with both bullish and bearish forces continuing to compete. The short-term outlook is not clear, with no strong unilateral trends emerging. In this situation, Old Wang suggests going with the trend, either buying on pullbacks or shorting at high positions. The support level below is viewed at the integer level of 104000, while the resistance level above is seen at 106000. Currently, the price is hovering around 105000. Friends can wait for a clear situation to enter the market, for example: if the price approaches around 104000 and the downward space is narrow, one can take a short-term long position; conversely, one can short.