In today's market, Bitcoin reached a high of 102762 in the morning, and then began a predominantly weak oscillating trend, gradually declining. Throughout the process, the bullish strength seemed to gradually weaken, while the bearish strength gradually took the upper hand. By the evening, the market experienced a sharp drop. It plummeted directly from a relatively high position to a low point of 97100, and Ethereum's trend mirrored that of Bitcoin. It started to pull back from a high of 3698 and continued to decline to a low of 3447. The originally expected bullish trend did not materialize, resulting in a regrettable stop loss of 800 points.

Bitcoin's price trend has once again returned to the lower edge of the previous box structure near 97500, closely monitoring whether 97000 can successfully establish an effective support line. It is important to note that since the current market has reached the lower edge of the box structure, we must not rashly treat it as a breakout situation before a clear break occurs; as long as the price does not genuinely break out, our operations should follow the rules of the box structure.

Bitcoin: Near 97500 can be bought, short-term target 100000

Ethereum: Near 3450 can be bought, short-term target 3600