Friday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
Good morning, friends! Looking back at the strategy provided in the early morning for a pullback to buy, the actual market first reached the lowest point near the 104000 line as expected, followed by a rebound that touched the 104700 line. Those who followed the strategy should have gained quite a bit, as the overall market is still fluctuating within a range. Currently, there is no continuation for both long and short positions, and the movement is relatively small. The price movement of Ethereum is very similar to that of Bitcoin, both showing significant volatility.
From the four-hour level, after a series of consecutive bearish days, the market has now turned bullish. Although the current rebound pace appears slightly slow, there are initial signs of improvement, with the price showing an upward turning trend, and it is expected to rise further. Despite the V-shaped fluctuations, the price is still hovering near the middle track, but the current pullback can be seen as a healthy technical correction. Structurally, the four-hour level has accumulated momentum for another upward attack—continuous sideways consolidation and gradually rising lows indicate that the market is in a stage of building up energy, just waiting for the momentum to be released to open up upward space. Currently, the price has once again entered a state of fluctuation, but the overall structure is leaning towards bullish.
Trading Suggestions:
Go long in the Bitcoin range of 104000-104500, with a target of 106000.
Go long in the Ethereum range of 2480-2510, with a target of 2580.
