Many people in this market are watching the breaking of the 100,000 mark. Lao Tian really doesn't know how to describe it. Can you just pull this bull back with a few words?

Friday Morning Thoughts: Bitcoin and Ethereum Latest Market Analysis

Looking back at yesterday's midnight bullish outlook, it perfectly came to fruition, with the market trend aligning completely with expectations once again. The Bitcoin market has shown fluctuations, with the price testing the support at the bottom and then starting to rebound for correction. Bitcoin reached a peak of 104162 in the early morning, while Ethereum also surged to around 2603. Currently, the actual trading is oscillating around the 103600 level, and we continue to maintain the recent buy-on-dips strategy this morning.

From the current market view, the daily level is filling yesterday's bearish shadow, and the daily structure is still in a high-level contest, with fierce competition between bulls and bears. The strong rebound of bulls during the day has resulted in insufficient continuation of the short-term weak adjustment. Yesterday's limitations on the daily level have also shifted from a weak pullback to a strong oscillation rhythm, reaffirming the support range. After touching the lower boundary on the 4-hour level, it has formed a two consecutive bullish candles. The solid body has reclaimed above the middle track, and this downward probe has transformed from the previous strong bullish trend into a strong oscillation process, albeit with some twists and turns. Nevertheless, it is still a pullback in the bullish upward trend. In the short term, there will still be considerable fluctuations. For direction, we will maintain a bullish outlook, and after facing upward pressure, we will look for opportunities for short-term shorts. Therefore, under this structure, each pullback is an ideal opportunity to go long.

Morning Trading Suggestions
Bitcoin in the range of 102500-103000, target 105000.
Ethereum in the range of 2500-2530, target 2650.

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