Bitcoin and Ethereum pulled back and forth last night, with highs continuously pressured downward, but the support below remains solid. There has been no effective breakout so far. Currently hovering around 3304, the overall situation is stuck between advancing and retreating.

From the four-hour structure, the Bollinger Bands are gradually tightening, with upward momentum weakening. However, the middle band provides strong support. The price is short-term trading between the middle and upper bands, mainly consolidating within a range. There is no condition for a one-sided move at the moment. Future strategies should wait for the range to be broken before adjusting accordingly.

In terms of operation, focus on a low buy opportunity in the 3300–3280 area this morning, with the initial target around 3360–3400.