On Friday morning, after experiencing a significant pullback, the Bitcoin market began to rise in a volatile manner, with prices climbing from a low of 83613 in the early hours to touch a high of around 84582. Ethereum also rebounded after pulling back to a low of around 1951, with prices reaching a morning high of 1984.
Based on the current chart, the four-hour level shows the market has dipped into the middle band of the Bollinger Bands, which provides some support, and the market has not further declined. Both bulls and bears are in a tug-of-war phase. From the one-hour level, the market is oscillating between the lower band and the middle band of the Bollinger Bands. After the previous significant pullback, a stop-loss situation has formed, and there are clear signs of a rebound from the bulls, so we remain optimistic about the bullish oscillation this morning.
Consider buying Bitcoin around 83500, with a target of 85500-86000.
Consider buying Ethereum around 1960, with a target of 2080.
