Recently, the price movement of Bitcoin has shown some interesting changes. Early this morning, Bitcoin experienced three consecutive days of downward pressure, with the price once falling to the 104399 level, but then quickly rebounding and rising continuously. This trend indicates that the bottom support is quite solid, and the upward momentum is still ongoing. Some traders got on board at the 104583 level and exited after the price rose to 105585, successfully making a profit of 1002 points.

From a daily perspective, Bitcoin has formed a top divergence after breaking through the 110,000 mark, and then fell under pressure to the 102,614 area. It then entered a sideways consolidation phase with little fluctuation in the range. The 4-hour chart shows that Bitcoin is consolidating between 104,500 and 106,000. Compared to the previous wide consolidation in this range, the current fluctuation amplitude is relatively small, presenting a narrow consolidation state. The 1-hour chart indicates that after being blocked by the bottom support on the way down, Bitcoin has begun to rebound consecutively. After a brief corrective fluctuation, it has formed a clear upward breakout trend.

Technical analysis indicates that Bitcoin may form a buying opportunity in the 105800-105300 range, with an upward target expected around 107300; Ethereum should focus on buying opportunities in the 2570-2540 range, with a target position around 2670. The market is currently in a recovery phase, and short-term trading opportunities are worth paying attention to.