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The Bitcoin market has shown a remarkable rebound today. After experiencing a low of 99,500 in the early morning, buying power quickly gathered, pushing the price up to around 106,000 USD. Although there has been a slight pullback since then, the price remains relatively stable at around 105,000 USD.
From a technical analysis perspective, a strong bullish candlestick appears on the four-hour chart, breaking through the middle band and continuing to rise. It is noteworthy that although the price has experienced a significant surge, there has not been the expected large pullback, which may suggest that the upward momentum has not yet fully exhausted. The current market seems to have entered a brief consolidation phase, building a more solid support base for the bulls.
Regarding the upcoming market trends, the analysis leans towards the continuation of an upward trend. Investors may consider a strategy of buying at low points during pullbacks for positioning. Specifically, attention can be paid to the $104,500-$105,000 range as a potential buying opportunity.
In addition, the Ethereum market has also shown a similar upward trend. Investors can pay attention to the potential buying range of $2,380-$2,410.
However, it should be noted that the cryptocurrency market has always been highly volatile. Investors should carefully assess risks and develop appropriate stop-loss strategies before making any decisions. Whether the market rebound can be sustained still requires close attention to changes and impacts from various factors.