$ETH The market is a mirror, reflecting your greed, fear, hesitation, and arrogance. The real opponent is yourself; to conquer emotions is to conquer the market. Last night, Bitcoin surged to a high of 110,484 but faced downward pressure, rebounding after a midnight drop to 108,966, currently rebounding to a high of 109,963. Ethereum also surged last night to a high of 2635 but faced pressure, dropping to a low of 2563 at midnight, and currently rebounding to a high of 2602. From Thursday morning until today, the strategy has been to buy on dips. During the day, there were a total of two buying opportunities. In the morning, buying around 108600, and in the afternoon, a suggestion to exit around 110200, taking a profit of 1600 points. In the evening, another buying opportunity around 108900, which rose to 110400, followed by a suggestion to exit, taking another profit of 1500 points. Ethereum had two simultaneous buying opportunities as well, buying around 2459 in the morning, and in the afternoon, suggesting to exit around 2612, taking a profit of 53 points. In the evening, buying on a dip at 2574, which rose to 2623, followed by a suggestion to exit, taking another profit of 49 points.
From the current market perspective, the daily chart indicates a bullish trend after asking about China, forming a two-day upward trend and breaking the upper track, continuously testing previous highs. Recently, attention is still on 110,650, the pressure point from mid-June; breaking this level will test historical highs again, while the opposite will lead to a second pullback adjustment. The four-hour chart shows a strong bullish trend, with high-level consolidation continuously building momentum, testing secondary highs multiple times, with limited pullback space, just touching it and stopping, while the pullback lows keep rising, creating effective short-term support near the 108,000 level. Today, the main bullish stance remains unchanged, and after a high surge and pressure, short positions will be considered.
On Friday, Bitcoin can be bought around 109000, targeting first 116500, and if broken, then looking at 112000.
Ethereum can be bought between 2555-2565, with the first target at 2680.