Last night, the Bitcoin price stabilized and stopped falling at $103,400, indicating that there is strong buying support at this price level, establishing a short-term defensive position. Subsequently, the market rebounded, and the price began to rise.

This morning, the market showed a volatile trend, and the trading range indicates that both bulls and bears have temporarily reached a balance of power. It is noteworthy that this volatility may only be a consolidation pattern, and the subsequent breakout direction still needs further confirmation.

From a technical point of view, Bitcoin is currently running between the middle and lower bands of the Bollinger Bands, and the lower band provides some support for it. If the price can break through the mid-band resistance, it is expected to attack the upper Bollinger band.

The current focus range for Bitcoin is consolidating around $104,000 to $103,500, with upward targets to watch in the $105,800 to $106,500 area.

As for Ethereum, it is currently consolidating in the $2,500-$2,470 range, and the upside target can focus on the $2,570-$2,620 range.