Today's market has basically completed all movements. We have mainly maintained a bearish outlook since this morning. Bitcoin has been fluctuating in a small range between 104500 and 105000. We have also been in a wait-and-see mode. When the price reached yesterday afternoon, it surged in one direction, breaking through 106400, and ultimately faced resistance at the key point of 106500, before retracing to around the lowest point of 102200. We have taken advantage of these two unilateral movements, and as always, we have used the most stable and conservative approach to grasp the market. Of course, there are times when our thoughts deviate, but we rely on years of cryptocurrency experience to manage the situation and achieve the final results.

In the daily structure of Bitcoin, the price has formed a continuous downward trend, falling to a new low for this week. However, it has touched the bottom of the Bollinger Bands, and there is still room for maneuvering. The upper shadow of the bearish candlestick is long, and the pressure from above remains. In the four-hour structure, after the price formed a shooting star, it presented a series of bearish candlesticks moving downwards, yet the bearish candlestick quickly closed, as the bulls continued to protect the market. The candlestick changed from bearish to bullish, indicating a trend adjustment phase, with the county level showing traces of moving outward from the Bollinger Bands. After a period of surge, the price is likely to continue to retrace. In the one-hour structure, the price shows a series of bullish candlesticks, forming a rounded bottom pattern, and there are signs of a rebound at the bottom. Therefore, overall, we maintain a bullish outlook for the future market.

Bitcoin can be bought around 103500-103000, with a target near 104500.

Ethereum can be bought around 2400, with a target near 2460.