Bitcoin is currently maintaining a slow downward trend, with prices having reached support around $104,000. From a technical perspective, the Bollinger Bands indicator on the daily chart shows that the price is operating below the middle band, while the bandwidth of the Bollinger Bands is narrowing, indicating a stabilizing direction. The current market direction remains unclear, and investors need to wait for clearer support signal to emerge.
The current support range for Bitcoin is around $103,700 to $103,000, while the target range above is between $104,800 and $105,500.
In terms of Ethereum, the support range is around $2,460-$2,423, while the target price range above is $2,530-$2,570.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Market analysis in the early hours of today
Bitcoin is currently maintaining a slow downward trend, with prices having reached support around $104,000. From a technical perspective, the Bollinger Bands indicator on the daily chart shows that the price is operating below the middle band, while the bandwidth of the Bollinger Bands is narrowing, indicating a stabilizing direction. The current market direction remains unclear, and investors need to wait for clearer support signal to emerge.
The current support range for Bitcoin is around $103,700 to $103,000, while the target range above is between $104,800 and $105,500.
In terms of Ethereum, the support range is around $2,460-$2,423, while the target price range above is $2,530-$2,570.