Bitcoin and Ethereum Market Analysis Summary on Friday
In the ever-changing waves of the cryptocurrency market, every fluctuation is a test of wisdom and courage! Today's market ups and downs resemble a thrilling game, and with precise judgment and decisive actions, we seize opportunities and achieve great results amidst the uncertainties.
Currently, Bitcoin is hovering around 103,800, proving that our daytime strategy perfectly followed the market.
From the 4-hour candlestick chart, the Bollinger Bands indicator shows a clear parallel channel formation, with stable spacing between the upper and lower bands, indicating that the current market is in a typical consolidation phase. The price received strong buying support while testing the lower Bollinger Band support level, and as long as the overall trend remains unchanged, we will continue to adopt a bullish approach on pullbacks.
Bitcoin around 103,000: Target 105,000
Ethereum around 2,560: Target 2,700
