Today's market has completed all transactions. The highest price for Bitcoin reached around 105,100, while the lowest fell to around 103,800. Ethereum peaked at around 2,540 and dropped to around 2,480. Our strategy is primarily focused on short positions within the range, and we are taking profits. However, today's market has been moving too slowly, coupled with a pause in the US market, resulting in minimal gains today. Future fluctuations are still unlikely to speed up; we can observe the situation and take short-term opportunities.
In the four-hour structure for Bitcoin, the candlestick is operating at the lower boundary of the range. After forming a double top pattern, a shooting star appeared at the bottom, signaling a potential bottom for the downtrend. The Bollinger Bands still show no signs of a squeeze; a slight continuation of the pullback trend is expected. In the one-hour structure, there is a unilateral decline in price, followed by a rebound after hitting the bottom, establishing a support structure. The market is expected to experience a wave of bullish rally. In summary, from midnight to morning, we can maintain a bullish outlook.
Bitcoin target around 105,200
