Bitcoin and Ethereum Market Analysis and Trading Suggestions
Overall, the coin prices are still in a state of range compression, with a pullback in the morning due to reduced expectations for interest rate cuts.
On the four-hour level, Bitcoin and Ethereum are under pressure from the upper boundary, while the middle and lower boundaries are rising, leading to intense competition between bulls and bears, with bulls slightly gaining an advantage in the short term.
On the hourly level, fluctuations are evident, with alternating dominance between bulls and bears. It is expected to maintain a fluctuating trend until the range convergence is completed.
Trading Suggestions: Go long on Bitcoin around the current price of 103500, targeting 104500;
Go long on Ethereum around 2480, targeting 2550.
