Friday morning Bitcoin and Ethereum market analysis. Reviewing the overall market situation from the early morning, Bitcoin experienced a slight rebound after a dip but then faced a deeper round of downward movement, with the price dropping sharply to a low of 105704. Our long position set during midnight only captured the rebound, which is regrettable for Xiao Sun.

The trend of Ethereum is basically showing a one-sided downward trend. Although there were rebound tendencies along the way, they were suppressed by bears, resulting in unsatisfactory rebound strength.

From the current market perspective, after the overall market underwent a pullback in the early morning, there was a second dip. After a slight pullback, the market rose again, and the bulls effectively gained some continuation, although the recovery process is slow. On the hourly level, the market oscillates repeatedly around the upper and lower Bollinger Bands, struggling to break through the highs; the short-term still remains in a range-bound oscillation. Combined with the daily chart showing a cross bullish K-line trend, the short-term cannot rule out the possibility of continuing to oscillate within the range. Structurally, we still lean towards bullish momentum, but the repeated dips and rebounds are likely to be the rhythm. In terms of operation, if the rebound does not break the high, we will continue to look for a fallback, while pullbacks should still be treated as buying opportunities, managing it as a range-bound trade.

Operation suggestion

Buy Bitcoin around 105500, target 108000

Buy Ethereum around 2620, target 2720#BTC走势分析