Thursday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
Looking back, the Bitcoin price has been hovering between 111,000 and 110,000 in the afternoon, with a very stable fluctuation range. This is a normal phenomenon, as the market needs a rest adjustment period after a period of high-intensity volatility; this is also to store power for the next surge. Ethereum, on the other hand, has been steadily rising with minimal fluctuations.
In the 4-hour chart for Bitcoin, there have been two consecutive bearish candles, but the third candle can stop the decline and stabilize, indicating that the short-term market is still in a strong corrective trend and not weakening. Currently, the Bitcoin price is forming support on the middle band of the Bollinger Bands; as long as the middle band maintains its trend, the upward trend will not be affected. We will continue to use a high sell, low buy strategy to follow the market steadily.
Bitcoin around 110,000 is a buy target of 113,000
Ethereum around 2,600 is a buy target of 2,750
