Analysis and Trading Suggestions for Bitcoin and Ethereum on Monday Afternoon
After a significant pullback from the morning level of 107,000 to around 102,000 by noon, Bitcoin gradually rose to around 103,100, with the market showing a stark contrast between heaven and hell. The market is gradually returning to previous conditions, and the volatility will also decrease. Similarly, Ethereum is oscillating frequently in the range of 2,500-2,350 and is currently returning to a normal state.
From the hourly perspective, Bitcoin's price rebounded after testing the lower support level, and the pullback trend is gradually diverging, indicating that Bitcoin's trend is becoming clearer. This afternoon, we can continue to implement a high sell and low buy strategy to maximize profits.
Bitcoin target around 102,800 is 105,000
Ethereum target around 2,370 is 2,500
