Friday early morning Bitcoin and Ethereum market analysis and trading suggestions
The overall trend during the day continued the rhythm of rebound and repair, with the price peaking at 113429 in the evening before a pullback occurred. We clearly indicated a bullish approach in our evening public analysis, and subsequently, the market experienced multiple rallies, with Bitcoin accumulating over 2200 points and Ethereum successfully capturing over 112 points. The price entered a short-term oscillation pattern again at midnight, and the real-time short-term trades provided in the live stream yielded profits of around a few points. Looking back, multiple bullish layouts and chasing strategies throughout the day resulted in total profits for Bitcoin exceeding 3000 points and over 100 points for Ethereum. Trading is fundamentally a process of firm thinking and eliminating noise; once the logic is clear, decisive execution is necessary.
On the daily level, a single bullish candle restored some lost ground, and the price returned above the lower Bollinger band, maintaining high-level oscillation after closing positively, showing a relatively strong pattern. This kind of formation often goes through a high-level consolidation for time correction rather than deep pullbacks—during a strong trend, bulls generally do not provide deep pullback opportunities. On the four-hour level, the price has stabilized above the mid-band, rising continuously since stabilizing around 112000, with the current large bullish candle structure being robust; after correction, the auxiliary indicators have crossed upward again, indicating that buying momentum remains sufficient. A strong trend does not indicate a top; in terms of operations, one only needs to follow the trend and go long. Trading is essentially a simple task done repeatedly; do not let small-level fluctuations blur your judgment of the trend. Although yesterday's rebound has not yet formed an effective breakout, it has already shown a preliminary reversal shape; even if a winding oscillation upward occurs subsequently, it does not change the layout idea of low-level bulls.
Trading suggestion:
Buy Bitcoin in the range of 111800-111500, targeting 114000; Buy Ethereum in the range of 4440-4420, targeting 4580.
Bitcoin defense below 111300, Ethereum defense below 4410 #币安钱包TGE