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Recently, the Bitcoin market has shown signs of consolidating at a low level. The daily chart has closed in the red for two consecutive days, indicating signs of short-term adjustment. Today's morning session also closed in the red, further confirming this trend. However, this adjustment does not mean a change in the long-term trend, but is more likely a common short-term fluctuation in the market.



From a technical perspective, the Bollinger Bands on the four-hour level are starting to contract, which usually indicates that market fluctuations may soon intensify. Bitcoin has pulled back from a high near $108,000 to around $105,000, and then experienced a choppy recovery around noon today. This price movement aligns with a typical small-cycle adjustment pattern, which may lay the foundation for subsequent upward movement.

For short-term traders, there are currently opportunities to focus on the bullish direction. The Bitcoin price range is between $105600 and $105300, with an upward target of $107000. At the same time, Ethereum is also showing a similar trend, with a trading range between $2400 and $2380, and an upward target of $2500.

It is worth noting that while the market may experience a rebound in the short term, investors should remain cautious. The high Fluctuation of the cryptocurrency market means that risks and opportunities coexist. It is advised that investors closely monitor market dynamics, manage risks appropriately, and make investment decisions based on their own risk tolerance.

With the continuous changes in the global macroeconomic environment, the cryptocurrency market may also be affected. Investors should pay attention to factors such as monetary policies and regulatory environments in various countries, as these can significantly impact the price trends of digital assets like Bitcoin.
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BoredRiceBallvip
· 16h ago
Is it going to fall below 100,000 again? It's painful.
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SchrödingersNodevip
· 17h ago
It is recommended to keep the bullets for 108k.
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WhaleWatchervip
· 07-04 04:19
bull run pullback normal operation
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TokenDustCollectorvip
· 07-02 04:50
Photographer, encryption artist, is following and collecting new crypto world opportunities every day.
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ParanoiaKingvip
· 07-02 04:47
Crypto world suckers come on!
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MidnightMEVeatervip
· 07-02 04:46
Come to play people for suckers lurking in the late night.
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TrustlessMaximalistvip
· 07-02 04:40
Who entered a position? Let's copy trading together.
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CountdownToBrokevip
· 07-02 04:32
Bankruptcy Countdown +1
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RektButAlivevip
· 07-02 04:31
This is just the beginning; those who are bearish are being proven wrong one by one.
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DefiPlaybookvip
· 07-02 04:24
Bollinger Bands contraction [啧啧] This wave is going to plummet.
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