This afternoon, the Bitcoin market has shown noteworthy movements. After a period of consolidation, the BTC price quickly dipped, reaching a low of $113,600, forming the so-called "Long Wick Candle" pattern. However, this drop did not last, and the price quickly rebounded, currently rising back to around $114,800. This price action reflects that the market is undergoing strong competition between buyers and sellers.

From a technical analysis perspective, the hourly Bollinger Bands indicator shows that the current price channel is clearly widening. This typically indicates that market volatility is increasing and trading activity is rising. It is noteworthy that the Bitcoin price quickly moved away from the lower Bollinger Band after hitting the bottom and is currently steadily approaching the middle band, showing a trend of rebounding from the low and gradually recovering.

Based on the current market conditions, investors can follow the key price ranges below:
In terms of Bitcoin, you may consider looking for entry opportunities around the range of $114,200-$113,600, with upward targets to follow the range of $115,500-$116,500.
On the Ethereum side, potential opportunities can be focused on the range of $3,530-$3,480, with upward targets expected in the range of $3,730-$3,780.

It is important to emphasize that the cryptocurrency market is always highly volatile, and investors should fully assess the risks before making any decisions and allocate resources reasonably according to their risk tolerance. Additionally, changes in global economic policies, such as adjustments to trade tariffs, may also impact the cryptocurrency market and are worth following.