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On Saturday morning, Bitcoin first suppressed and then rose, after slightly dipping to a low point around 106270, it stopped falling and stabilized, and then began a rebound trend. As of now, the price has reached a high point of 107250, with a clear rebound rhythm. At the same time, Ethereum's performance is highly synchronized with Bitcoin, confirming support near the low point of 3817 in the early session, and then embarking on a slight rebound, reaching a high point of 3880 before momentum weakened, and the market shifted into a consolidation phase, maintaining overall range fluctuation.
After four consecutive bearish candles on the daily chart of Bitcoin, a solid bullish candle has emerged, indicating initial short-term bullish signals. However, it is important to note that the Bollinger Bands are diverging, the price is still operating at the lower boundary of the range, and the MACD indicator shows that bearish momentum remains active, indicating that the foundation for market recovery is not solid. On the four-hour level, the price has reached the bottom through a step-down shape, followed by a candlestick with a long lower shadow that rebounded to near the middle band. Although there is a convergence action between the MACD fast and slow lines, an effective golden cross and upward opening structure have not formed, which indirectly confirms that the current bullish momentum lacks continuity, and the rebound strength is limited.
Bitcoin can be shorted at 107000-107500, with a short-term target around 105000. Ether can be shorted at 3900-3930, with a short-term target around 3800.