At midday, we proposed a strategy to first look for a rebound and then take a short position. The price surged strongly from the 104920 level to the 106777 level. The long position we recommended at the current price successfully gained nearly 900 points. Currently, the price is oscillating around 106600, which is a normal technical correction stage after a strong one-sided rise. The bullish trend has room for higher trade volumes. In the future, we will first look bullish in the market, taking a short-term light position to go long once, and then it won't be too late to take the opposite position.

Judging from the 1-hour chart, Bitcoin is showing a high-level consolidation pattern after a volatile rise today. In the morning low-level long and short game, the small yin and small yang alternated, and then relied on the support to close the yang to break through the shock range and start the rebound. After midday, the bulls accelerated, and the long white candle pulled up to a 106777 high, and then the small body K-line entered the consolidation, which did not disrupt the upward rhythm. At the indicator level, the boll middle track turned upward, the price broke through the upper track and briefly stepped back, and the middle rail and the short-term moving average formed a resonance support; The green column of the MACD indicator turned red and continued to amplify, DIF maintained upward after crossing the DEA, and the kinetic energy column strengthened to verify the bullish potential energy; The KDJ indicator is wound at a high level in three lines, although there is an overbought signal but it is not a dead fork, reflecting that the bulls are temporarily superior under the divergence between long and short. On the whole, the current bulls dominate the short-term trend, and the high-level consolidation is a trend relay with a high probability, and the operation can rely on key supports such as the boll middle track to lay out long orders on dips, and at the same time be alert to the callback risk of continuous negative lines falling below the support, and pay attention to the previous high breakthrough and support defense to cope with the continuation of the trend or phased correction.

You can go long on Bitcoin at the current price, targeting around 108,000; for Ethereum, you can go long in the 2600-2580 range, targeting 2700.