Thursday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Looking back at the morning, Bitcoin's price has risen from around 109800 to the current 110800, surging forward with a strong momentum, and the upward trend remains intact. Currently, we can still implement a high sell low buy strategy for short-term profit. Ethereum has been subject to sudden price fluctuations in the past few days, but it has not fallen below 2400 points each time, indicating strong bottom support. The bullish market is clearer than the bearish market.
The 4-hour chart for Bitcoin shows strength; even if there are pullbacks, they will be quickly recovered. Currently, the midline of the Bollinger Bands serves as a bullish support line. As long as the midline remains stable, the upward momentum will continue, and the price will keep rising.
Bitcoin target around 110000 is 113000
Ethereum target around 2580 is 2700