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.
BTC-0,47%
ETH-0,07%
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