Bitcoin's overnight price started from a high point of 105229, bearing market pressure and triggering a pullback. The pace of this pullback gradually progressed, eventually retracing to the level of 102627. Analyzing from a perspective of a 4-hour chart, the price of the coin showed a rapid decline in the early stage, followed by a slow downward channel, and then a complex pattern of a large decline. After reaching a stage low point, the price rebounded rapidly. However, considering various technical indicators and market sentiment, overall, if the price retraces again, it is likely to be built on the rebound. Therefore, we can still participate in low positions after the rebound.

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The Ethereum market also maintains a synchronous pace with Bitcoin. The price has experienced a pullback, probing all the way to the 3235 support level. Looking at the 4-hour chart, the candlestick was resisted after testing the upper rail, and continued to form small candlesticks for oscillation. During this process, the price obtained support around the short-term moving average and the middle rail, providing a certain guarantee for the stability of the market. However, the Bollinger Bands are starting to contract, and the short-term moving average is running around the middle rail, which may indicate that the market is about to enter a relatively narrow range of volatility. Overall, in the short term, the Bitcoin market is likely to continue fluctuating within the range. Attention needs to be paid to the upper rail area of the 4-hour chart, as well as the pressure around the former high.#Join Honor Credits Draw & Win MacBook, Merch and More! #Which Altcoin Have You Bought Recently? #VINE Surge – Do you hold it?