The midday market does not offer much space. After the morning rebound recovered to the 113590 level, it faced pressure and fell back, with the midday low reaching around 112380. From the overall trend perspective, this pullback is still within expectations, currently testing the support below. However, if it breaks the previous low of 110900, it would mean that it needs to continue moving downward. The overall volatility of the market is not large, trapped in a range-bound situation, with neither bulls nor bears having effective continuation. For the current market situation, using a short-term trading strategy to accumulate positions is still very good. The overall trend and rhythm are running within the trading range, providing good entry opportunities for both bulls and bears. For intraday trading, we suggest focusing on low long positions with high short positions as a supplement.

From the current market perspective, the trend on the 4-hour chart is quite clear. Recently, the market has not shown much continuation in either direction, and the overall movement is oscillating around the upper and lower bands of the Bollinger Bands. At midday, after reaching the lower band support, it rebounded again. Currently, it appears that the rebound still has continuity. Therefore, it can be clearly stated that we are in a range-bound oscillation rhythm. Hence, in terms of trading strategy, do not focus too much on one-sided trades. If the upper resistance is not broken, consider going short; if the lower support holds, consider going long. The key is to make profits on both sides.

Bitcoin: 112300-112000 Long Target focus on 114500
Ethereum: 4060-4040 long target focus 4200