Friday morning Bitcoin and Ethereum market analysis and trading suggestions
From the current market observation, the 4-hour level market is oscillating between the middle and lower bands of the Bollinger Bands, with no clear directional signals. The candlestick chart shows narrow fluctuations with alternating bullish and bearish candles, and the upper and lower shadows are significantly elongated, indicating intense competition between bulls and bears. Although the short-term trend is dominated by bears, the price quickly rebounds after testing key support, and the technical structure has preliminarily met the conditions for a rebound. Switching to the 1-hour level, the market continues to be suppressed by the box range, and the Bollinger Bands channel is gradually narrowing, indicating that the market is approaching a breakout point; the MACD indicator is still below the zero axis, but the fast and slow lines have turned upward, forming a golden cross pattern. Overall, during the early morning period, focus on the support area below and look for short-term rebound opportunities.
Trading suggestions:
Bitcoin focus on the support range of 91800-91600, consider entering long positions in batches, targeting around 94000.
Ethereum suggests laying out long positions after stabilizing in the 3200-3190 range, targeting around 3300.
