Friday Evening Bitcoin and Ethereum Analysis

The market has made another move, with Bitcoin and Ethereum experiencing a surge. However, after breaking through the 106000 mark, it couldn't hold and fell back under pressure. Ethereum broke through the 2550 mark and has been consolidating nearby. When the price surged strongly, we promptly reversed and chased the trend, taking profits around 1300 points, and timely adjusted our strategy to turn the situation around.

On the 4-hour chart, the candlestick pattern closed with an inverted hammer after a series of bullish candles, and currently, there is no significant support near the price level, but there is clear resistance above. On the 1-hour chart, the price is in an overbought state, with the candlestick closing quickly, and in the future market, the advice is to maintain a bearish outlook.

Trading Suggestions:

Buy Bitcoin around 106300, targeting near 105000.

Short Ethereum at the current price, targeting around 2500.