Friday Afternoon Thoughts, Latest Market Analysis of Bitcoin and Ethereum
The fastest pace is not a sprint, but persistence; the slowest rhythm is not a leisurely walk, but hesitation; the most dangerous journey is not a cliff, but a fork in the road; the best opportunity is not one-sided, but steady! Without clear judgment, no matter how strong the rally, one may still miss the opportunity.
Looking back at the bullish sentiment provided at noon, the market confirmed our expectations with a pullback stimulating around the 102300 line, and we decisively arranged long positions to capture an 821-point increase before exiting. The bulls remain strong, and we will continue to maintain a buy-on-dips strategy in the afternoon.
Currently, the larger time frame shows a converging pattern, with the price fluctuation range gradually narrowing, signaling a continuation adjustment. Observing from the weekly and daily perspectives, this oscillation and pullback have not damaged the bullish upward channel, and the EMA moving averages continue to exhibit a standard bullish arrangement, maintaining a sound mid-term trend structure. The price has tested the previous high resistance zone three times in succession, and the effectiveness of this key resistance level is diminishing marginally. We will continue to follow the bullish trend for a breakout. In the evening, pay close attention to the impact of the U.S. stock market opening. The current bullish trend remains unchanged but requires strict risk control to avoid chasing high positions.
Trading Suggestions:
Bitcoin: Range of 103000-103500, target 104800
Ethereum: Range of 2300-2330, target 2450
