After Bitcoin reached a new high of 106212 in the early morning, it fell to 105235, then rebounded in a V-shape to around 106073, forming a narrow range of fluctuations at a high level. The price volatility last night was not significant, with bulls and bears in a stalemate, and overall the trend was mainly a range-bound consolidation.
From the four-hour chart, the K-line has broken through yesterday's high point, which is an important signal of a strengthening bullish trend. This indicates that bullish forces are accumulating and are set to explode, pushing the price upward, and it is expected to break the upper resistance to open up further upward space. On the hourly level, the Bollinger Bands are closing upward, indicating that the market is in an upward trend, volatility is decreasing, and this suggests a short-term pullback adjustment before a further upward breakout.
Short Bitcoin directly between 106000-106500, paying attention to around 104500; Short Ethereum directly between 2450-2470, paying attention to around 2350.
