Midday Market Analysis

From the current market perspective, the four-hour structure of Bitcoin has reached the tail end of a three-wave pattern, and bearish momentum has somewhat slowed down. It is essential to be vigilant regarding breakthroughs and stability in the range direction. On the hourly chart, the price has approached the lower bound, showing some convergence, leading to a narrow range of fluctuations where bulls and bears alternate positions. Additionally, the support below has been repeatedly tested without resulting in a breakdown effect. Therefore, considering the smaller time frame patterns, it is advisable to focus on buying on dips during midday operations.

Trading Suggestions:

Bitcoin: Buy in the range of 113000-112500, with a target near 115000,

Ethereum: Buy in the range of 4120-4100, with a target near 4220.