The BTC market staged a dramatically deep V-shaped reversal yesterday. In the morning, the market was dominated by the strength of the bulls, and the BTC price continued to be under pressure, with the intraday low briefly touching the critical psychological level of 107000 near the technical support level. This level not only represents the lower edge of the previous fluctuation zone but also serves as the support line for the short-term rising trend. The market triggered intense speculation here, and in the afternoon, as market sentiment gradually stabilized, the bulls began to make a strong push, initiating a rapid rebound. Within just a few hours, a large amount of lost ground was recovered, and by the evening, it soared to around 108500. However, the dual selling pressure above prevented a further breakthrough, leading to a pullback. Entering the early morning hours, BTC再次回调至107200附近, and it is worth noting that this pullback did not break below the intraday low, indicating strong support from the bulls. After stabilizing, the price quickly rebounded. As of the morning, BTC continued its rebound trend, showcasing the fierce competition between both sides in the market while highlighting the importance of the current critical level. Market fluctuations are like waves; the more you try to catch every splash, the more likely you are to be caught in a whirlpool. It is better to stand on the shore, wait for the tide to recede, and then pick up shells; patience is more valuable than passion.

From the perspective of multi-timeframe analysis, the BTC market trend shows that on the daily chart, it closed with a small bullish candlestick yesterday, with momentum continuing to be released. Thanks to the strong performance of seven consecutive bullish candles, it successfully recovered previous losses. Today, it formed a "doji" candlestick pattern. Although it briefly broke through the key resistance level of 108500 in the morning, it failed to establish a stable footing, leading to a quick pullback. Currently, the price is fluctuating around 108500, indicating that the market is in a short-term correction phase. Ethereum is also in a corrective trend around 2500. On the four-hour chart, BTC has strongly broken through the upper Bollinger Band, and the three Bollinger lines are in a clearly opening state, suggesting there is strong upward momentum in the short term. However, one should also be cautious of the possibility of a pullback after breaking through. Looking at the hourly chart, after a fierce attack of four consecutive bullish candles, BTC experienced a critical turning point with the appearance of a bearish candlestick, indicating that momentum is starting to weaken. The price encountered resistance at the 108800 level, with multiple attempts to rise ending with long upper shadows, forming a typical resistance level. Comprehensive technical analysis shows that the MACD indicator has formed a death cross at high levels, releasing a signal of weakening short-term trends, indicating a higher probability of a short-term pullback. It is recommended to look for opportunities around the 108600 price level. Below, the key support level we need to pay attention to is 107500. If this is effectively broken, then we could further look towards the 107000 level. Ethereum is currently around 2500 and can be observed, with the market focusing on the 2400 support level.

BTC 109000-108700 pullback target looking down to 107500; ETH 2520-2500 pullback target looking down to around 2400 #BTC@ETH