Friday Morning Bitcoin Ethereum Market Analysis and Trading Suggestions
Looking back at yesterday evening, after a slight pullback in the price of Bitcoin, the price shows a steady upward trend, reaching a new high of 111959 in the early hours, proving that the bulls still hold a dominant position. Ethereum is hovering in the range of 2600-2700, with bulls and bears continuously clashing, but the bullish trend is still quite clear, maintaining a certain degree of dominance.
From an in-depth analysis of the four-hour structure, the current moving averages show a perfect upward divergence pattern, with a clearly and solidly bullish arrangement. This pattern fully demonstrates that the market's bullish force occupies an absolute dominant position, and this force is continuously strengthening. Today's layout will still focus on the bulls.
Bitcoin around 111000 bullish Target 112500
Ethereum around 2650 bullish Target 2750
