Thursday Bitcoin Ethereum Latest Market Analysis and Trading Suggestions
The morning strategy has been successfully validated, indicating that the strategy is still effective, and it's worth giving myself a round of applause. Currently, Bitcoin is hovering around 102,000, with bearish strength weakening, and a rebound trend is gradually becoming apparent.
From a daily chart analysis, Bitcoin has closed with two consecutive bearish candles, and the Bollinger Bands are gradually narrowing, which means the market has entered a consolidation phase, and the price fluctuation range is shrinking, with both bulls and bears engaging in a battle within a smaller price range. Although the short-term bearish trend is relatively strong, the bulls lack sufficient momentum to break through the upper resistance in one go, and the market is in a state of buildup. Looking at the 4-hour chart, we are currently in a pullback correction process, and we need to focus on the strength of the pullback and whether it can stabilize and rebound at the support level, as this will play a key role in guiding the short-term market direction.
Bitcoin 101,800-101,500 go long Target 104,000
Ethereum 2,540-2,530 go long Target 2,650
