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Today, the price of Bitcoin once reached a high of $106,100 before starting to retreat, subsequently dipping to around $104,700 and fluctuating within that range. Ethereum followed a similar trend, retreating from a high of $2,582 to around $2,517. From a technical perspective, the daily chart momentum indicators show a pressured retreat pattern, while the short-term indicators indicate signs of a rebound after a contraction in trading volume. Overall, the market rhythm is relatively slow, mainly characterized by a range-bound pattern.
Night market analysis and layout ideas:
For Bitcoin, pay attention to the support range of 104500-104000 USD. If it can stabilize effectively, the upward target is aimed at the area of 105700-106200 USD.
Regarding Ethereum, it is recommended to pay attention to the support range of $2508-$2485. If this range can be held, the upward target can be seen towards the $2545-$2565 area.
The market may continue to fluctuate and consolidate in the short term. Investors should pay attention to the breakthroughs or support levels of these key price ranges to seize opportunities for buying low and selling high.