Last midnight, the cryptocurrency market overall fell into a narrow range of games, with Bitcoin performing particularly outstanding. Its price started a tentative upward attack from a low of 109839, and although it briefly reached a high of 111230, the subsequent momentum quickly faded, and it soon entered a correction channel; as of this morning, it dipped to a low of 110378, without leaving the range of oscillation throughout, with both bulls and bears temporarily in a balanced state. During the same period, Ethereum's trend was highly synchronized with Bitcoin, showing a similar rhythm of "rebound meets resistance - pullback consolidation." The price started to rebound from a low of 3921, but faced significant selling pressure as it approached a high of 4002, failing to achieve an effective breakout, and ultimately returning to the oscillation consolidation range, with overall volatility roughly on par with Bitcoin, indicating significant market linkage.

From the current technical perspective, the four-hour level serves as a key window for trend judgment. After a previous surge, the market has entered a pullback, but the bearish candlestick bodies remain relatively small in size. This characteristic directly reflects the limited strength of the short-term pullback, making it difficult for bears to organize an effective offensive to break through the key support below. More importantly, the validity of this support zone has been further strengthened after multiple rounds of testing, providing a solid "safety cushion" for the market and successfully avoiding significant downward risks. Considering that the price has consistently held above the support zone, the probability of starting a new upward trend from this point in the future has significantly increased. If we shift our perspective to the one-hour level, the short-term market details become clearer. The market exhibits characteristics of "oscillating downward, stepping back repeatedly," gradually approaching the lower band of the Bollinger Bands. However, the Bollinger Bands have now entered a contraction state—this technical formation objectively compresses the downward space for bears, and the three bands of the Bollinger Bands have not expanded downward with the price pullback, further confirming that the current pullback is a normal correction in the technical sense, rather than a signal of trend reversal. After a short-term adjustment, there is still hope for a return to an upward rhythm. In summary, based on the technical analysis and market sentiment, the core logic of the morning operation strategy has been clearly defined, focusing on "buying low after a stabilizing pullback."
You can go long on Bitcoin in the range of 110000-109500, aiming to see around 112000; for Ether, you can go long in the range of 3950-3920, aiming to see around 4050.

#ETH反弹在即？