Bitcoin Ethereum Latest Market Analysis and Trading Suggestions
Many times, we need the courage to cut off our retreat. Because having a retreat behind us leads to complacency and ease, slowing our progress. If there is no retreat behind us, we will concentrate all our energy and move forward bravely, carving out a path for ourselves. Currently, the market has retraced from around 104000 in the afternoon to near 103600, as the attempt to break through 105000 in the morning was unsuccessful. This retracement is quite normal and serves as preparation for the next attempt to break through; the more the retracement, the stronger the impact will be.
From the four-hour chart, the current price is hovering in the upper middle zone of the Bollinger Bands, and the bears quickly returned to the positive after testing the middle track, indicating that the middle track has strong resistance. The bullish momentum remains strong. After a short period, the upward trend will gain strength. From the daily chart, the bulls are continuously challenging the upper track of the Bollinger Bands, and the upward trend is still very strong.
Bitcoin near 103200, target 105000
Ethereum near 2570, target 2700
