Bitcoin has recently exhibited significant fluctuation characteristics. In the early trading session today, Bitcoin first climbed to a high of 108865, then quickly retraced to the vicinity of 106079 for consolidation. After finding support around the 106500 level, the price began to rebound, breaking back up to operate at the 107697 level. The current trading price of Bitcoin is around 107200. It is worth following that the long positions strategy deployed in the morning achieved a considerable profit of over 1000 points.

In contrast, Ethereum's performance appears to be relatively weak. After a strong opening, it quickly declined, with the lowest point reaching 2524. After a brief rise to 2616, it retraced again and is currently fluctuating around the 2500 area.

From a technical perspective, the main support areas for Bitcoin currently include the psychological level of 106,000 and the position of the 60-period moving average (MA60) on the 4-hour chart at 105,500. The main resistance above is concentrated at the early session rebound high of 108,000 and the previous high of 108,800. Indicators show that the MACD double-line trend on the 4-hour level is flat, with the red bars continuously decreasing; the RSI indicator is in a neutral range, indicating that the current market forces of long positions and short positions are relatively balanced.

Regarding Ethereum, the short-term support level is at the 2500 integer mark and the lower Bollinger Band of the daily chart at the 2480 position. The main resistance above comes from the early session rebound high of 2600 and around the 2650 near the 4-hour MA30 moving average. It is important to note that during the downward movement of Ethereum, the trading volume has significantly increased, which may indicate the risk of further adjustments in the short term.

For trading strategies, consider establishing long positions when the Bitcoin price approaches 106500, with a target focus on the area around 107500; for Ethereum, consider long positioning near 2550, with a target price focus around 2650.

The fluctuation of the cryptocurrency market is often influenced by various factors. Technical analysis is just one of the references; investors also need to consider the macroeconomic environment, industry trends, and their own risk tolerance when making decisions. Recently, the market has shown some signs of rebound, but it is still necessary to remain vigilant and closely follow potential pullback risks.