After the midnight market attempted to test the upper resistance at the 102500 line, it once again consolidated in the morning, attempting to test the 102500 resistance, with the highest spike reaching the 102762 line before retracing back to the short-term oscillation range. Currently, the market has broken below 102000, but has not given the bears a continuation to drop to 101500. As long as the support at the bottom of the oscillation range holds, the short-term market can still be managed with an oscillation strategy.
Looking at the four-hour chart of Bitcoin, the K-line is still processing oscillations near the upper track, and the market still requires correction. The oscillation is expected to continue, with a divergence appearing on the MACD energy bars, and the KDJ's fast line also showing signs of turning down. However, based on the current horizontal accumulation rhythm, the market is not expected to give too much of a retracement. From the perspective of top-bottom conversion, the strong support at the critical 100000 level at the bottom remains, and the early morning spike breaking through the upper track resistance indicates that this unremarkable spike is evidently beneficial to the current bearish market, but has not shown continuation. As long as the bottom at 101500 holds, our short-term oscillation strategy remains unchanged.
Bitcoin can be bought at 101000-101500, targeting around 103500. Ethereum can be bought at 3640-3670, targeting around 3760.