This week, the digital money market has shown a volatile upward trend. Bitcoin strongly broke through the 110,000 yuan mark on Thursday. Although a technical pullback occurred shortly after, it quickly managed to hold above and is currently testing the support level.

Ethereum has retreated after reaching a high of 2635, currently hovering below 2600. From a technical perspective, this rise is basically in line with expectations. In the short term, the two major cryptocurrencies may experience consolidation at high levels to repair technical indicators. Although a slight pullback may occur, the downside is expected to be limited. Once the indicators are repaired, the market is expected to continue its upward trend.

From a specific price level perspective, there is a buying opportunity for Bitcoin around 108800, with upward targets to watch at the two key positions of 109800 and 111000. As for Ethereum, support may form around 2550, and if it holds above and rebounds, attention can be directed towards the two resistance levels of 2600 and 2650.

It is worth noting that the cryptocurrency market has always been highly volatile, and investors should act with caution and manage risks properly. At the same time, it is also important to closely monitor changes in the global macroeconomic situation and regulatory policies, as these factors can significantly impact the prices of digital assets.