The market on Friday has also come to an end. The midday volatility in the market was quite frustrating, but fortunately, in the evening, the price of Bitcoin rose strongly, reaching a peak of 106,486 before facing resistance and stopping. After a brief period of sideways movement, the price of Bitcoin once again broke down, hitting a low of 103,800. Ethereum, after a surge in the evening, saw its price peak at 2,568 before showing a waterfall-like decline. Currently, it has hit a low of 2,475. Our intraday long positions in Bitcoin have gained over 1,800 points, while Ethereum has gained over 60 points. Friday closed perfectly.

Currently, there is no need for much talk about the market. The daily chart remains in a downward pressure state, currently operating near the middle track. On the four-hour chart, the price is close to the upper middle track, and a longer lower shadow indicates support at this position, suggesting the possibility of a rebound or consolidation. The hourly chart is again closing, indicating a stalemate between bulls and bears, with two downward tests being mere false breaks that failed to achieve substantial breakthroughs, indicating that the support below remains strong. In the short term, the price is again under downward pressure, and at midnight, we will still focus on buying on dips as the main strategy.

Operation Suggestions

Buy Bitcoin at 103,300-103,500 Target 105,000

Buy Ethereum near 2,460 Target 2,550 4,150 4,101 8,600