Dear friends, the weekend is here! First, I wish everyone a happy weekend～
Last night, Bitcoin surged, reaching a new high of 95,700, but the bulls' “momentum is lacking”
It quickly retraced and is now hovering around 94,500
On the daily chart, although there is a rebound, we have seen three consecutive days of doji candles, indicating that the upward trend is not particularly strong
Currently, the price is above the daily MA120 moving average, with short-term high-level consolidation, operating above the MA5 moving average
On the 4-hour level, the price is moving up along the MA5/10 daily moving averages
During the retracement, key focus is on whether the MA10 daily moving average can hold
On the 1-hour level, the MA30/60 daily moving averages at 9.43/9.36 are also key support levels
Ethereum has been fluctuating in the range of 1,830 - 1,730 for the past three days
The upper resistance level is the daily MA60 moving average at 1,880
If the price can stabilize above the 4-hour MA256 moving average at 1,780
There is a short-term possibility to challenge 1,880
Saturday's market is estimated to be stable, with Bitcoin trading high and low in the range of 94,000 - 95,500;
Ethereum can be traded back and forth in the range of 1,780 - 1,810. Wishing everyone a profitable weekend!
