Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
The struggle between bulls and bears ultimately comes down to whether your oil has increased. Today, Bitcoin continues to fluctuate sideways, and the overall rhythm meets expectations—after confirming support with a previous pullback, it strengthens again, which is a healthy trend. After all, the recent surge has been significant; as long as the pullback is not violent, the market remains strong. The most intuitive way to judge whether the pullback is too severe is to look at the space.
Currently, after a short-term drop, the market has stabilized and consolidated again. From the previous high of 113429, to today's early morning dip of 111350, a drop of about two thousand points, there haven't been many good mid-to-long term layout opportunities today, mainly focusing on short-term—friends who watched the live broadcast last night should be clear about this.
Although the daily level briefly broke down, it quickly recovered, the pullback lacks continuity, while the rebound always occurs alongside it. This is not the beginning of a trend change. After the close of the medium bearish candle, the price approached the upper boundary of the range near 113300, faced resistance and fell back, failing to break through the previous high; the range remains unbroken, with the end of the session closing at a low level. Highs and lows occurred during the U.S. session, taking a zigzag fluctuating path. The volatility base is large, and the space isn't small, but it continues to operate within the range. The daily rise and fall are actually just a stage for the bulls to gather momentum.
At the four-hour level, the battle between bulls and bears is still fierce, currently temporarily holding above the lower boundary, while the support of the upward trend line is around 111000. This can be seen as a dividing line for bulls and bears: as long as the pullback does not break the trend line support, continue to maintain a bullish outlook. Conversely, if it breaks down, a deeper adjustment will unfold—but it is also just a space pullback; after the pullback ends, the bulls are still expected to attack again.
Trading Suggestions:
Bitcoin in the range of 111000-111500, aiming for 113500
Ethereum in the range of 4420-4440, aiming for 4550
Bitcoin defensive below 110800, Ethereum defensive below 4400
