Afternoon:
From the hourly level perspective, the price is closely adhering to the lower Bollinger band, with consecutive bearish candles showing a weak trend; however, the trading volume has not significantly increased. The current market is showing initial signs of stabilization, and there are considerable risks in blindly chasing deeper at this stage. Further observation at the daily level reveals that the market did not continue to decline after touching the daily moving average, which gives us an optimistic outlook. We expect a rebound correction to occur, and we should continue to maintain a strategy of low-position layout.
Bitcoin: 103000~103500 range, target: 105000.
Ethereum: 3800~3820 range, target: 3920.
