Friday afternoon Bitcoin and Ethereum market analysis and trading suggestions
Only by persisting in what others cannot endure can one possess what others cannot have. To turn the ideal palace into a real palace, one must work hard and silently build it brick by brick. Currently, Bitcoin is hovering around the 103900 level, having risen to around 104400 in the morning, forming a brief retracement trend. However, the bullish momentum remains strong, continuously challenging the peak resistance line, and the upward trend is inevitable; it just requires patience to wait. The upward trend of Ethereum is still very stable.
The current technical pattern maintains a cyclical mode, breaking through the previous high and then pulling back to confirm support, oscillating and accumulating strength before breaking through to a new high again. Recently, it has been emphasized to maintain strategic stability in the bullish trend. During the morning session, the bulls did indeed launch a strong counterattack and regained lost ground, but the technical aspect still needs to complete a structural pullback confirmation.
The current operational logic remains clear: focus on the repair of the pullback space, as the rally is inevitable, and the pullback is just a process of converting bullish and bearish momentum.
Bitcoin near 103500-103000, target 105000
Ethereum near 2560-2550, target 2700
