Recently, the cryptocurrency market has shown significant volatility characteristics. From a technical analysis perspective, the Bollinger Bands are in a state of convergence, indicating that short-term market volatility has notably dropped. The price is currently moving between the middle band and the lower band, gradually approaching the lower band, which typically signals that the market is in a consolidation phase before making a directional choice.

The MACD indicator shows that the dual lines continue to run below the zero axis and present a parallel downward divergence pattern. This indicates that bearish strength dominates in the short term, and market momentum is biased toward weakness. If the MACD dual lines fail to form a golden cross or cross above the zero axis, the market may continue to maintain a weak pattern in the short term.

In terms of specific cryptocurrencies, Bitcoin (BTC) is currently hovering in the range of $107,800 to $108,500, with the next key support level potentially around $106,500 to $106,000. Ethereum (ETH) is trading in the range of $2,520 to $2,550, with a potential downside target area around $2,460 to $2,430.

Overall, the current market is at a critical decision-making moment. Investors should closely monitor whether prices can find support at current levels, while also being wary of potential further pullbacks. When making investment decisions, it is recommended to combine multiple technical indicators and fundamental factors to assess market trends more comprehensively.