There will be times when we ride the wind and break the waves, hanging our sails high to cross the vast sea. Looking back at today's analysis of Bitcoin and Ethereum, both are similar; after a pullback from midnight to morning, they have slowly rebounded to the current levels. Bitcoin has a fluctuation space of nearly 3000 points, while Ethereum has a space of about 130 points. We successfully followed the market during that wave early in the morning, with Bitcoin gaining nearly 1200 points and Ethereum gaining 46 points. Friends who followed along should have also gained significantly.
From a daily perspective, the market is fluctuating at the lower band of the Bollinger Bands, currently breaking towards the middle band. The three bands are gradually becoming parallel, indicating that a major market trend is about to arrive. From a four-hour perspective, today's market broke through the middle band in the morning, and the middle band has formed a solid resistance point, indicating that the upward trend is gradually strengthening. On the hourly level, it is hovering around the upper band, and the current market is slowly rising, which is a normal phenomenon for the weekend. Early in the morning, we laid out long positions with high sell and low buy strategies, looking at the target of 106500 points above and 104500 points below.
Bitcoin around 105000 (defense at 104700) Target 106500
Ethereum around 2499 Target 2600
