The market situation over the past couple of days has been fluctuating around 100,000, gradually forming a range of oscillation. The market has been tugging back and forth. Can Bitcoin hold above 100,000 this time? Yesterday, the price once again moved upward, with bulls gaining strength. The overall trend is consistent with our analysis, and the way we analyzed the market is how it is moving; there's nothing more to say about that. Those who paid attention yesterday will understand clearly.

From a technical structure perspective

From the current market analysis, the price is in a high-level consolidation and correction. Currently, there is significant resistance at 102,000, and it is challenging for Bitcoin to effectively break through this level in the short term. If the price cannot break above 102,000 in the future, it will likely continue to retrace, becoming a recurring trend. Last night, the market attempted multiple times to break through this price level but quickly fell back each time. However, the bullish forces then surged again, indicating that the bullish momentum remains strong, and breaking through the resistance level is just a matter of time.

From a short-term hourly perspective

On the four-hour level, the middle band of the Bollinger Bands shows an upward trend, providing strong support for the market. Recently, the price has tested this support level multiple times and has been effectively supported without breaking below it. At the same time, the KDJ three-line indicator has turned upward and is about to form a golden cross, further enhancing the bullish atmosphere in the market. Therefore, we need to continue to pay attention to the resistance situation around the 102,000 price level. In terms of operations, He Yang still maintains a low bullish strategy.

This morning, Bitcoin is fluctuating around: 101,000-100,500, targeting near 102,000. Meanwhile, Ethereum is fluctuating around: 3,880-3,850, targeting near 4,020.