Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Ideas

Bitcoin entered a consolidation phase after tensions escalated in the Middle East this morning, currently showing signs of stabilization at the 103,800 level. The 4-hour RSI is severely oversold and the price is far from the moving average system, indicating a strong demand for a rebound on the technical front. If the 102,600 support holds, the rebound target could be in the 104,500-105,000 range; a breakout may further test the critical resistance at 106,000. The 103,800 level has become a short-term dividing line for bulls and bears; if it holds, it may attract short covering buying. Pay close attention to the 104,200 breakout situation, as this level could serve as a confirmation signal for the continuation of the rebound. Additionally, closely track changes in the geopolitical situation; if market panic subsides, it will be beneficial for the rebound trend to continue.

From a technical perspective, the Bitcoin price has once again touched the middle band of the daily Bollinger Bands, and there are currently no signs of an effective breakout; upward momentum remains insufficient. The 4-hour candlestick chart shows a series of consecutive bearish candles 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 look for buying opportunities on dips. Aggressive traders can still attempt light positions for potential short-term upward continuation, while conservative traders should patiently wait for a dip to establish lower positions. #以色列伊朗冲突 #加密市场回调

$BTC Bitcoin: 103800-103000 buy, target 105000-106000

$ETH Ethereum: 2500-2460 buy, target 2540-2580