Friday Evening Bitcoin and Ethereum Market Analysis

Currently, the overall Bitcoin market is showing a high-level range fluctuation pattern. After a strong return of the bulls, the bears have not gained significant opportunities for performance. Although the price is in an upward trend, it faces serious resistance above, failing to break through previous highs, leading to insufficient upward momentum. The market is forming a game balance between rebound and pressure, with the intraday upward fluctuation speed slowing down, and high-level resistance concentrated near the upper track of the technical channel.

2. Technical Analysis - Four Hour Chart Analysis

The four-hour chart shows that the upper Bollinger Band is forming strong resistance, and the rebound attempts in the second half of the week have not effectively broken through this pressure point. However, the lower and middle Bollinger Bands are rising simultaneously, forming a support line that limits downward space. Therefore, even if there is a short-term need for a correction, the risk of deep downward movement is low, and the market may maintain narrow fluctuations within the range.

Bitcoin around 103000, target 105000

Ethereum 2600-2590, target 2700

#Bitcoin #Ethereum ETF #比特币行情