The ideas presented this morning regarding Bitcoin have been validated, and the overall strategy for the day is still to wait for a drop to near the support level to seek rebound opportunities for long positions.

Currently, based on the price movement, after a rebound, Bitcoin is facing some resistance at higher prices and is in a consolidation phase!

Currently, Bitcoin is supported by the lower Bollinger Band on the four-hour chart, while being resisted at the MA60 moving average at 101550, which is causing a temporary price stagnation. Ethereum is supported near the lower band and MA180 moving average at 3660, with resistance at 3680 on the daily MA30 moving average level.

Friends who entered long positions this morning and made a profit can consider exiting at the current price, while the subsequent competition between long and short positions will need to focus on the breakthrough of the resistance above and the support at the bottom to be determined. The MACD bearish energy bars on the four-hour chart have started to shrink, and the KDJ three lines are showing signs of an upward trend. The entire afternoon is expected to be a consolidation trend, and after exiting long positions, continue to pay attention to the support levels to attempt again!

For Bitcoin, continue to monitor the three support levels of 100800-99800-98500 for light participation, with a stop-loss of 500 points. For Ethereum, focus on the three support levels of 3660-3600-3540 for light participation, with a stop-loss of 40 points!