Friday Bitcoin Market Analysis:
Daily Level
The price maintains operation at the upper Bollinger Band, with previous pullbacks not breaking the strong pattern, overall still in an upward trend. Continuous bullish rebounds reclaim lost ground, with lows continually rising, short-term rebound momentum strong. A single bullish candle drives the price to a high, and the short-term upward trend may continue.
4-Hour Chart
The upward movement pushes the upper Bollinger Band to open wider, strengthening market upward momentum. Support above the middle band is solid, and the price breaking the upper band expands the upward space.
Hourly Chart
The middle Bollinger Band pullback is completed, and support is effective. Bullish strength continues, the market may attack again, potentially breaking previous highs to create new highs.
Operation Suggestions
Bitcoin: Long at 95700-96200, target 98500
Ethereum: Long at 1790-1820, target 1900
