On Friday evening, the Bitcoin market saw a strong rally in prices due to signals from Powell indicating an increasing expectation of interest rate cuts, with prices rising sharply from a low point of 111700 to a high point of 117397. The Ethereum market also maintained a synchronized upward trend with Bitcoin, with prices rising strongly from a low of 4208 to a high of 4848. This month's VIP members have all realized profits, and even those who entered at the end made 100,000 in profits! Following the trend and taking profits is that simple.
Currently, the market shows that Ethereum's short-term price is rising rapidly, with consecutive bullish candlesticks clearly showing strong momentum; at present, the price is sitting between the middle and upper bands of the Bollinger Bands, indicating a strong area. Bitcoin is also performing well, with a quick and decisive upward movement, and the candlesticks are arranged bullishly, clearly showing that the bulls are firmly in control. However, it's important to note that both prices are currently close to the upper band of the Bollinger Bands, which may put them under pressure in the short term. Future operations suggest waiting for a pullback before entering long positions, as this would be a more stable approach.
Ethereum is entering a phase of consolidation, with a buy range of 4650-4700 and a target of 4900; Bitcoin is strongly pulling back to the range of 116100-116000 with a target of 118500-119000.
