The market trend on Friday, $BTC , is relatively slow, primarily operating with a rhythm of pullback and adjustment. The price of Bitcoin once again rose to the 109963 line in the morning before facing pressure and pulling back, with the midday price dropping to a low of 108456. A slight pullback after a surge is a normal phenomenon. Ethereum continued to pull back after rising to the 2602 line in the morning. The current price is around 2560.
From a technical perspective, this pullback is a normal technical correction. After a continuous rise, Bitcoin's short-term indicators show overbought signals, and the market needs to digest profit-taking through fluctuations. The current price remains above the 5-day moving average, and the overall upward trend remains intact. The adjustment range for Ethereum is relatively larger, but there is strong support around 2550 dollars, and it is expected to maintain a range-bound fluctuation in the short term. We still maintain a low long participation.
Bitcoin: Long at 108500-108700. Target 110000.
Ethereum: Long near 2530. Target 2630#美国加征关税 .