Saturday Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations
Reviewing the day's white plate, Bitcoin has shown a stepwise upward movement from around 103800 to the 104800 area, followed by a strong rise with a large bullish candlestick, reaching around 105300. The current price has pulled back to around 105000, entering a consolidation phase. Ethereum is currently reported at around 2490. Based on the white plate, after experiencing this round of fluctuations, the price ratio is likely to maintain a consolidation pattern.
On the daily chart, the upper shadow of the bullish candlestick is connected to a small bullish candlestick, indicating that the bullish trend still exists. On the four-hour chart, the candlestick arrangement has formed a hanging man cross star pattern, suggesting a demand for pullbacks in the future market. On the one-hour chart, the price ratio has shown a V-shaped reversal, with a tug-of-war between bulls and bears forming a consolidation pattern. It is expected that the market will present a range-bound downward trend in the future.
