Last night, the price of the coin fluctuated dramatically, rising sharply to 102756 before a significant pullback, probing a low of 95681, and now oscillating around 97000.

The daily line has consecutive negative closes and has broken the lower track, but the sustainability of the decline remains to be assessed. In terms of technical indicators, the KDJ is in the oversold zone and is about to golden cross, the RSI is oversold and turning upward, and the rebound momentum is gradually accumulating. Attention should be paid to the stabilization situation at this level during the day. If it stabilizes, the short-term pullback will continue; otherwise, a rebound may occur.

On the four-hour structure, the coin price is largely suppressed by the middle track, and the decline has broken through strong consolidation for correction. The middle track of the Bollinger Bands is turning down, the lower track is expanding, while the three lines of the KDJ are converging, and the MACD green bars are shortening, indicating weakening bearish power. At the end of the week, closely monitor the shift between bullish and bearish, whether it recovers after a pullback or continues to drop. If it continues to drop, the strong upward momentum will break, leading to a short-term pullback; if it stabilizes and rises, the bulls will regain upward momentum to attack again.

Daily strategy for Bitcoin: Long at 97000, stop loss at 96200, target at 98500; Daily strategy for Ethereum: Long at 3385, stop loss at 3345, target at 3435.

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