Last night, the Bitcoin price surged to the 105268 level and faced resistance, then showed a downward trend throughout the early morning. The price hit a low of 103822 in the morning before stopping the fall and rebounding. Currently, the BTC price has warmed up to around 105200. From the overall market data perspective, since the end of May, after a short-term downward bottoming, BTC attempted to break through the 100,000 mark but failed, leading to a rebound as the market data fell into a wide range-bound situation. We emphasized yesterday that the daily chart would compete around the upper shadow line, and the performance of the long positions’ continued make a strong push is also evident; after the daily chart closed positively, it still faced strong pressure from the middle band. Before breaking the middle band, the short positions still dominate at low levels, but the rebound of the long positions has alleviated the contraction trend of the BOLL envelope.

On the four-time line, after the downward bottoming, the Lianyin turned to Lianyang, but it still failed to recover the decline in the early stage, and when the BOLL bag mouth contracted, it turned to expand outward, and the shock range also expanded. With the continuous force of the bulls, the phenomenon of pulling is extremely obvious, and there is still room for short-term upside. On Saturday, the idea of maintaining the high and low in the range in the short term can be done, and it is necessary to pay attention to whether it can break through the previous high after the rebound, and see the continuation of the break.

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Ethereum surged to the 2529 line last night and faced pressure, then retracted to a low of 2455 in the morning, currently the coin price has seen a slight Rebound around 2500. The market data over the weekend mostly revolves around range-bound movements. From the hourly level, BTC is experiencing small fluctuations in a high-level range, distributed in the upper band of the Bollinger Bands, with the three bands gradually forming a closing trend, which we all know indicates that a big market movement is about to arrive, currently in a phase of accumulation and consolidation. In this situation, we adopt a strategy of high selling and low buying.