Bitcoin and Ethereum Intraday Market Analysis and Trading Suggestions 📈
The cryptocurrency market has entered a consolidation phase. Bitcoin rebounded after hitting a low of 106068 in the morning session and is now hovering around the 105000 mark, with insufficient upward momentum.
Ethereum is following a similar trend, experiencing a pullback after hitting a high of 2617. From a technical perspective, the market has not shown a second bottom; bullish sentiment still exists, but the hourly price is constrained by the Bollinger Bands, maintaining a range-bound oscillation. If the daily chart closes with a doji candlestick, the short-term tug-of-war pattern will become more solid.
In terms of trading, it is suggested to seize the fluctuations:
Long around $BTC 106800, targeting 108500;
Position long near $ETH 2550, aiming for 2650, to capture oscillation profits 💰!
