Today, in the morning, BTC surged strongly to a high of 101880, but retreated due to pressure, although the retracement was relatively limited. In the afternoon, the price dipped to around 100300 before stabilizing and rebounding, once again approaching the 101800 level. This indicates that there is significant pressure at the key level of 102000.

From the daily chart analysis, although the current price has broken through the key support of the mid-track, the continuation of the breakout is insufficient. Once the downward trend pauses, the possibility of a rebound is very high. Looking back at the recent and even monthly market trends, whenever the market stagnates or progresses slowly, there tends to be significant reverse fluctuations. Therefore, under the short-term structure, low-level consolidation is often accompanied by rebounds, and one should be cautious of the appearance of a rebound trend. If the decline is limited and shows obvious resistance to falling, one can still consider going long at low levels in anticipation of a rebound. From the 4-hour chart perspective, multiple attempts to rise have been accompanied by a certain degree of retracement, and a double bottom formation has been established, which is a sign of bulls accumulating strength. This round of retracement has basically reached its target, and the market still favors a bullish rebound trend.

Operational advice:

BTC can be bought when it falls to the range of 99800 - 100300, with target prices of 101800 - 102300.

ETC can be bought when it falls to the range of 3880 - 3910, with target prices of 3950 - 4000. #BTC #ETH $BTC $ETH