Friday Afternoon Thoughts: Latest Bitcoin and Ethereum Market Analysis
Looking back at the morning's strategy to buy on the dip, which was perfectly executed, bullish momentum remains strong. In the morning, we anticipated a pullback near our expected level, and we decisively positioned ourselves to capture a profit of 811 points before exiting. In the afternoon, the market touched the 104400 level before facing resistance and pulling back. Currently, the market is fluctuating around the 104000 level, and we continue to maintain our strategy of buying on the dip in the afternoon.
On the four-hour candlestick chart, Bitcoin's bullish trend is showing a contraction in volume, indicating a weakening of bullish strength. The resistance above is currently close to the upper band. Observing the one-hour candlestick chart and volume indicators, Bitcoin's bullish trend is also in a contraction phase. The DIF and DEA lines are close together, and there has not yet been a clear golden cross or death cross. Currently, the bullish and bearish forces are relatively stuck, but the contraction in bullish volume is a clear characteristic. Aggressive traders may consider lightly entering long positions to see if there is upward breakout potential, while conservative traders should wait for a pullback before positioning themselves again.
Afternoon Trading Suggestions:
Bitcoin: Buy in the 103500-103000 range, target 105000
Ethereum: Buy in the 2570-2530 range, target 2650
#比特币 #比特币走势分析