The fluctuations in the cryptocurrency market are like the ebb and flow of the tides, akin to the breathing of the ocean; the rise and fall of coin prices is also part of the market rhythm. Maintain your enthusiasm for learning, continually enhance your understanding, and let the light of reason illuminate the path ahead. On Thursday morning, the Bitcoin market slightly rose to a peak of 108782 before falling back again, with the price touching a low of 107300 during the afternoon. The Ethereum market rebounded after dropping to a low of 2745 in the morning, with the price reaching a high of 2787 before facing pressure, subsequently oscillating around this range.
According to the current market situation, the four-hour chart shows a four consecutive downtrend, with prices operating below the middle band of the Bollinger Bands. The KDJ indicator's three lines have formed a dead cross downward, but the J value has entered the oversold zone. Moreover, the current pullback has not damaged the trend structure, so as long as the 107000 level holds, the bullish sentiment remains dominant. From the one-hour perspective, after experiencing five consecutive downtrends, the market has stopped, and the KDJ indicator's three lines have turned to form a golden cross. Therefore, in the afternoon operations, we look for a bullish rebound after the pullback.
Buy Bitcoin near 107300, targeting 109000-109500.
Buy Ethereum near 2750, targeting 2850.
