Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Yesterday, U.S. stocks opened higher and continued to rise, with bulls maintaining momentum, breaking through multiple resistance levels. The price surged to around 110400, setting a new recent high before facing pressure and retreating. The current price is fluctuating around 109000. Today coincides with Independence Day in the U.S., and the stock market is closed.
Considering the weakening market liquidity and lack of significant driving factors, it is expected that the market will mainly experience narrow range fluctuations in the future, with a low likelihood of significant volatility or one-sided trends in the short term. For Bitcoin, the main fluctuation range is expected to be 108500-110000. Ethereum's trend is expected to be similar to that of Bitcoin, and trading should be adjusted flexibly according to real-time market conditions. The short-term strategy suggests focusing on “selling high and buying low” within the range, and strictly adhering to actual trading signals.
Short-term trading suggestions:
For Bitcoin, consider lightly testing long positions around 108700,
with a target at around 110500, and be sure to set strict stop-losses!!!
For Ethereum, consider looking for support levels to lightly go long in the range of 2510-2530, with a target around 2650.