Thursday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
After a pullback in the afternoon, Bitcoin started to rebound after dipping to the low of 106877, with the price showing a volatile increase to the high of 108860.
From the 1-hour chart analysis, if Bitcoin does not break the support level of 108500 this evening, the price will be under pressure here, leading to further pullbacks. If the price stabilizes above 108500, then with a strong opening in the U.S. stock market, the cryptocurrency price will experience a new strong upward movement! This evening, as long as it does not fall below 108200, there will still be an upward trend!
Ethereum's market did not show a significant range in the afternoon, with the price gradually retreating after reaching a high of 2744! This is due to capital institutions being more optimistic about Ethereum, plus it has tested the support several times during the day without breaking it! As long as it does not fall below 2700 this evening, there will still be a strong upward movement!
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