From the current market data, after a slight pullback at midnight, the market once again rebounded and rose, and the long positions have effectively gained some continuation, but the recovery in terms of movement is limited. On the hourly level, there is repeated pumping around the lower band of the Bollinger Bands, facing pressure, and after a prolonged attempt to break through the high, it has entered a range-bound state in the short-term to seek breakout opportunities. Currently, the short-term is trapped in a range, oscillating back and forth.

The 4-hour chart shows signs of bottoming: after a downward adjustment, the price is gradually stabilizing at a low level. Multiple lower shadows test the support below, and the length of the shadows is shortening, indicating a weakening of bearish strength, while bulls attempt a counterattack, with the short-term downtrend expected to slow down or even reverse. Hourly range-bound fluctuations await a breakout: the price oscillates around the middle and lower bands of the Bollinger Bands, persistently failing to break through the high, trapped in range-bound fluctuations. Structurally, it leans towards bulls gaining momentum for a counterattack after a pullback, but repeated dips followed by rebounds are likely the rhythm. Operational strategy: during the range-bound fluctuation phase, if the rebound does not break the high, look for a pullback; if a pullback halts the decline, then enter long, operating with a range-trading mindset. Wait for an effective breakout of the range before following the trend.
Operation Suggestions
Bitcoin: Long positions around 117500-117700
Target: around 119000
Ether: go long near 3770-3750
Target: 3920#比特 #以太