Faced with the ups and downs of cryptocurrency prices, some panic, while others see opportunities. True investors understand how to find patterns in the fluctuations, leveraging market sentiment to increase the value of their assets. On Friday morning, the Bitcoin price rose from a low of 96122 to a high of 97262 before stopping, then faced selling pressure and fell back, currently around 96300. The Ethereum price peaked at 1851 in the morning but then retracted, with the lowest price in the afternoon touching 1816.
From the current market perspective, the four-hour level shows that after rising to the upper Bollinger Band, the price has retracted and is now below the upper Bollinger Band. However, the retracement strength is very limited, with strong support below and the overall structure still leaning bullish, as bulls are gathering strength. From the hourly level, the price has stabilized above the middle band, maintaining a trend of slow and steady upward movement, while the moving average indicators still show bullish divergence in the short cycle, with the structure remaining bullish. Therefore, in the morning operations, we have adopted a low-buy strategy.
Buy Bitcoin near 96000-96300, target 97500.
Buy Ethereum near 1810, target 1870.
