Afternoon:
From the perspective of the 1-hour chart, the price is closely following the lower Bollinger Band, and the consecutive bearish candlesticks show a weak trend; however, the trading volume has not significantly increased. The market has begun to show signs of stabilizing amidst fluctuations, and there is considerable risk in blindly chasing at this stage. Further observation of the daily chart reveals that the market did not continue to decline after touching the daily moving average, and we hold an optimistic view on this, expecting a rebound correction to occur. It is advisable to continue maintaining a strategy of positioning at low levels.
Bitcoin: Range of 103000~103500, target: 105000.
Ethereum: Range of 3800~3820, target: 3920.
