The market during the day is still in a back-and-forth oscillation correction, and overall there is still no clear unilateral direction. The intraday upper and lower shadow fluctuations have only moved within a range of a thousand points. The focus for the day is still mainly on short-term operations, while long-term positions entered at low levels are still being held.

From the current trend perspective, the four-hour chart has closed with a doji star, and although the high point tested in the morning was not reached later in the day, there has been some recovery in the market. The daytime trading did not test the lower track much, and the price comparison has moved down with the Bollinger Bands, while the mid-track resistance has also moved down. The current horizontal consolidation shows signs of bottoming out, and there is still some recovery space in the market. We can still adopt a bullish mindset towards the current market. From the hourly chart, the Bollinger Bands are in a contraction phase, and the price range has returned to the middle and upper bands, but the sideways trend clearly does not indicate strength or weakness. In the evening, focus on the volume at the opening of the U.S. stock market.

Bitcoin is hovering around 93400, targeting near 94200. Ethereum can be bought at 3380-3400, targeting around 3500.