Analyzing the current performance of the digital money market, mainstream tokens showed weak performance yesterday. Bitcoin attempted to hit previous highs but was unsuccessful, subsequently retreating from the 110,300 area to around 108,000. Ether also dipped synchronously to the 2,740 level, and currently both are in a phase of consolidation, with market momentum relatively weak.

From the technical indicators on the daily chart, the Bollinger Bands (BOLL) show a significant narrowing, indicating that after short-term fluctuations, the market's trading range is tightening, and the trend of consolidation is becoming clearer. Although the price dipped and broke through the previous low at one point during the early morning, it quickly rebounded at a key support level. It is worth noting that the prior rally has caused the overall Bollinger Band channel to show an upward trend, with the lower band still maintaining an upward posture, indicating that the support below is relatively solid. The market will focus on the rebound performance next.

At present, the key pressure on Bitcoin is around 110,000, and the strong support level is at 100,000; Ethereum has strong pressure at 3,000 and support at around 2,500. Market participants should also pay attention to the upcoming May CPI data, which could have a significant impact on market movements.