On Friday afternoon, the Bitcoin market showed a pattern of rising first and then suppressing, with the price stretching from a low of 102327 to a high of 104373, and then coming under pressure and falling back, with the market dipping to a low of 102376. The Ethereum market moved in sync with Bitcoin, with the price peaking at around 2490 in the afternoon before starting to pull back. During lunchtime, Sheng Ge positioned a Bitcoin long near 102474, exiting around 104076, securing a gain of 1600 points. The Ethereum long was entered near 2215 and exited around 2368, gaining 153 points. Sheng Ge is not all-powerful, but firmly believes that as long as the direction is correct and the method is appropriate, everyone can become the master of their own destiny. What Sheng Ge does is merely guide students to find the shortcut to success, teaching them how to navigate steadily in the turbulent market.
From the current market perspective, the price shows an alternating pattern of ups and downs, continuously maintaining a high operating level. The Bollinger Bands are opening upwards, and the overall trend is still under the control of bulls. From the hourly level, after refreshing recent highs, the market experienced a pullback, but it is clear that the support at the middle band of the Bollinger Bands is strong. The MACD indicator's fast and slow lines are still running above the zero axis. Currently, the price is operating within a small range, indicating that the bulls are building momentum. If there is no retracement of the day’s gains, the market will continue to follow the bullish trend. Therefore, in the evening operations, we will maintain a low long mindset.
Bitcoin can be bought near 102500-102800, targeting 104000-104500.
Ethereum can be bought near 2330, targeting 2350.