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The essence of growth is not in being perfect, but in continuing to move forward despite mistakes. Different paths have their own scenery, and no matter how the environment changes, the mindset remains free.
Today, the market is showing an overall trend of volatility and decline. Bitcoin experienced a noticeable drop in the morning, reaching a low point around the 106539 area before finding support, and then began a technical rebound during the European trading session, currently hovering around 108088. Ethereum's performance is relatively weak, testing the 2710 support level during the day; although it briefly rebounded to 2772, it failed to form an effective breakthrough and continues to maintain a weak consolidation state.
From the 4-hour level analysis, the price has fallen below the middle band of the Bollinger Bands, indicating that the short-term trend has shifted from strong to weak, with a significant increase in retracement pressure. The narrowing of the Bollinger Bands indicates a decrease in market volatility. If the price continues to be suppressed by the middle band, it is likely to further test the lower band support. The volume-price relationship shows that the trading volume increases during the decline, with selling pressure strengthening, while the trading volume shrinks during the rebound, reflecting insufficient bullish strength.
The short-term market may continue to fluctuate downward. Investors may consider taking light short positions when prices rebound to the middle track under pressure; if it reaches the lower track and the KDJ indicator forms a golden cross, then low-level buying may be considered. It is necessary to closely monitor the breakthrough of key levels. If it breaks the lower track with increased volume, additional short positions can be added, and if it strongly rises above the middle track, the strategy should be adjusted to a long position.
Bitcoin can focus on short-selling opportunities in the range of 108400-108900, with a short-term target of 107200; Ethereum can focus on short-selling opportunities in the range of 2780-2800, with a short-term target of 2700. It is essential to control positions and manage risks in trading.