Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Reviewing the overall market in the afternoon, Bitcoin rebounded after pulling back to a low of 102,614, with the price warming up to around 104,578 before facing resistance. Currently, the Bitcoin price is running around 104,000. Ethereum also rebounded after a pullback to a low of 2,433 during the day, but after warming up to around 2,520, it got stuck in a sideways trend, with overall volatility being limited.
From a technical perspective, Bitcoin's price has once again touched the middle band of the daily Bollinger Bands, and there are currently no signs of a valid breakout; upward momentum still appears insufficient. The 4-hour K-line shows a pattern of continuous bearish candlesticks with a slow decline, and the price continues to oscillate within a range without achieving a directional breakout. For the afternoon trading strategy, it is recommended to maintain the approach of buying on dips. Aggressive traders can still try to take small positions for short-term trades to see if the upward momentum continues, while conservative traders should patiently wait for a pullback to lay low.
Trading Suggestions
Buy Bitcoin in the range of 103,500 - 104,000, target 105,000
Buy Ethereum in the range of 2,480 - 2,500, target 2,580
