Afternoon Bitcoin Ethereum Market Analysis and Trading Suggestions
The price of Bitcoin formed strong support around 104,115 and has since broken through to the current highest point, showing strong momentum with a clear tendency to break through, likely reaching a new high. Ethereum is on a rising trend today. This proves that our morning strategy was successful.
The 4-hour chart of Bitcoin shows a second dip and rebound, with a large bullish candle breaking the weak downward trend. The downward channel is not very strong, maintaining stability at the lower track, with signs of a double bottom rebound. For this highly volatile market, we will continue with a high sell low buy strategy.
