Good morning, dear investors! Recently, the cryptocurrency market has continued to heat up, and market volatility has become the focus of investors, especially the changes in trends after prices break through high points, which pose greater challenges and opportunities.
Looking back at yesterday evening's market, Bitcoin's price once strongly broke through the short-term high, reaching 108,095 points, but then faced pressure and adjusted, dipping to a low of 106,700 points. Entering the early morning period, although the price showed a step-like upward movement, it failed to break through the previous high point and is currently maintaining a fluctuating consolidation above 107,000 points.
From an overall market analysis, the bullish forces continue to push the coin price upward, but encounter strong resistance near 108,000 points, leading to a price adjustment. After a series of consecutive bearish candles, the daily K-line has turned into a series of bullish candles, and the coin price further broke upward after stabilizing at the middle track of the Bollinger Bands, with technical indicators showing a diverging upward trend, fully indicating that the current bulls still hold a dominant position.
In the four-hour trend, starting from around 105,000 points, Bitcoin has shown a one-sided upward trend, with prices continuously rising below the upper track of the Bollinger Bands. However, affected by previous strong resistance levels, upward movement has been hindered near 108,000 points. Currently, the short-term key resistance level is at 108,500 points, with important support below at 106,700 points. It is expected that the market today will test around these two key points, and the volatility range may further narrow, waiting for new breakout opportunities.
Combining the current market situation, here are the morning trading suggestions:
Bitcoin: Open long positions around 107,000, with a target of 108,500 points.
Ethereum: Open long positions around 2,400, with a target of 2,500,165,278,755,126,957,052,145,628,529,082,186,809,200,868,609,379,693,570,060,999,662,495,387,408,211,6
