Bitcoin is currently in a continuation of the oscillating pattern, with prices consistently fluctuating around the 106,000 range. The market shows a standoff between bulls and bears, with upward momentum facing resistance and downward space also being limited. Ethereum is simultaneously maintaining a narrow consolidation, with significantly reduced volatility.
From a 4-hour technical structure perspective: Although the MACD indicator and the moving average system are both releasing bullish signals, as the price approaches the previous high resistance level of $110,655, if an effective breakthrough is not formed, there is a risk of a technical pullback. It is crucial to pay special attention to the volume coordination situation—currently, the lack of trading volume data raises doubts about the upward momentum. Additionally, if the price falls below the EMA30 moving average support, it may trigger a phase of deep pullback.
In the morning, Bitcoin is suggested to short near 106500-106800 if it does not break, with a short-term target of 103500.
Ethereum: can short around 2480, with a short-term target of 2350.
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