The cryptocurrency price remains in a trend of slow upward fluctuations today, currently in a strong rebound followed by a high-level consolidation state. The daily chart shows a series of consecutive bullish candles. This evening, the price has once again broken through the intraday high, currently around 107800. Looking at the four-hour chart, the upward momentum has gradually accelerated with nine consecutive bullish candles, and the bulls are continually increasing their volume. The current price is still maintaining a slow upward fluctuation while adjusting, with consecutive lower shadows indicating that bullish momentum is gradually strengthening. The price may again challenge recent highs this evening. On the hourly chart, the K-line has broken through the upper band and stabilized above it, with the upward trend in price gradually accelerating. In the short term, whether it can break through the upper pressure point of 108 is key; if it breaks through, it is expected to launch a new surge towards new highs; otherwise, rapid retraction under pressure is the short-term trend.
The Bitcoin price is shorting around 107800, with focus on around 106000, while Ethereum is shorting near 2440, with focus on around 2340.
