Thursday evening Bitcoin and Ethereum latest market analysis and trading suggestions
Currently, the 4-hour chart shows a clear oscillating trend. Since the recent high, both bulls and bears have not shown much continuation. After a previous drop to 100600, the price rebounded, and upon reaching the 10500 area, it faced resistance again. Now, it has returned to the support area of the 4-hour lower boundary, showing signs of a rebound. Observing the short-term trend on the 1-hour chart, the price is similarly running along the lower band of the Bollinger Bands. Although it is still hovering near the lower band overall, the price lows are gradually rising, forming a micro ascending channel. This trend structure of continuously rising lows suggests that market selling pressure is gradually easing, and there are clear signs of exhaustion in bearish momentum. This evening, we should maintain a strategy of buying on dips. Note! Pay special attention to the news at 20:30 this evening! Trading suggestions:
Buy near 101500-102000 for Bitcoin,
Target around 103500,
Buy near 2500-2540 for Ethereum, target around 2600
