The midday market retraced and fell below the 108000 level, hitting a low of 107300 before touching the bottom and rebounding. Currently, the price is oscillating around 107700. Meanwhile, ETH's retracement did not show any significant space, instead, it has shown signs of consolidation, indicating that there is still room for further gains.

From the current market perspective, the four-hour chart shows that the K-line has broken through the mid-track support, leading to a certain pullback as a correction of the market, just like the usual Asian session's pullback correction. In terms of formation, the three consecutive bearish candles' pullback has transformed into a T-shaped K-line recovery. The market's consolidation range has shifted downward; however, as long as the bottom support at 106800 holds, there is still rebound space in the market. The trading strategy of maintaining a low long position remains unchanged.

Bitcoin can be long in the range of 107200-107500, looking at around 109800. ETH can be long in the range of 2750-2765, looking at around 2850. #BTC