Friday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
The market always rewards those wise individuals who "correctly judge the direction and firmly hold their positions." Learn to follow the trend and accompany time, and profits will naturally arrive as scheduled.
Good morning, friends! Last night, Bitcoin dipped to the 106500 line before stopping its decline and rebounding, with a peak touching 107971, then falling back to around 107000 as expected. For those who laid out short positions above 107500, we provided clear operational ideas, and those who followed should have seen some gains. Ethereum also rebounded to 2456 before coming under pressure and falling to a low of 2392, currently oscillating above 2400.
Overall, the market maintains a range-bound oscillation pattern. After consecutive daily gains, it closed with a doji star, indicating insufficient momentum from both bulls and bears, with poor continuation, and the daily level has yet to open up significant space. Looking at the four-hour level, bullish volume continues to shrink, and the upward momentum has clearly weakened. Technical indicators have turned uniformly downward, suggesting that the price structure is gradually transitioning to a downward oscillation. The tightening of the Bollinger Bands clearly indicates that the oscillation range is being compressed. Although there are short-term signs of resistance to decline in the current market, it limits the rapid breakout of earlier low levels. Overall, it should maintain a weak oscillation trend with gradually descending ranges. Close attention should be paid to the direction choice after the completion of the Bollinger Bands convergence; under the existing signals, the risk of a downward breakout should be highly vigilant.
Morning Short-term Trading Suggestions:
Bitcoin range: 107000-107500, look at 106000.
Ethereum range: 2430-2450, look at 2380.