$ETH $BTC Bitcoin and Ethereum have recently shown the same pattern, with three consecutive bearish candles on the daily chart indicating a downward correction. Before reaching the previous bottom, a bounce occurred, aligning with the bullish market trend. As long as the previous bottom is not broken, any short-term pullback serves to build momentum for a future rise. However, high volatility increases market turmoil, amplifying the pullback strength, while the overall trend remains unchanged. In our daily market trend analysis, our timely return to a bullish outlook was also confirmed. The 4-hour chart for Bitcoin shows consecutive bearish candles, with a strong bounce occurring after touching the previous lower point. The weak market condition was quickly broken, entering the weekend with a focus on smaller timeframe patterns for participation. Given the high volatility, both bulls and bears have opportunities, testing entry points further. We will continue to monitor the trend, opting for low entries after pullbacks.
Bitcoin can be purchased on Saturday in the range of 105200-104700, targeting around 106500; Ethereum can be bought in the range of 2530-2500, targeting around 2620.$ETH