Friday Market Analysis and Trading Strategy:
The morning market continues to show a range-bound oscillation pattern, with $BTC and $ETH showing similar trends, limited volatility without a clear trend.
The four-hour level shows that after continuous declines and closing on the downside in the morning, the market has stopped falling and rebounded, forming a V-shaped reversal. Currently, although the upward pace is slow, the lows are continuously rising, indicating a bullish trend. Prices are fluctuating near the midpoint of the four-hour chart, and slight pullbacks are normal technical corrections.
Currently, the market has sufficient upward momentum and is in a consolidation phase, waiting for a breakout to open up space. Given the current sideways consolidation situation, Brother Knife suggests adopting a high sell-low buy strategy for short-term operations, capturing swings for profit.
Trading Strategy:
#Ethereum: Enter long positions in the range of 2520-2500, with the first target at 2555, and if it breaks the resistance level, look for 2585.
If there are entry positions during the day, Brother Knife will notify you immediately. If you want to profit, you can like and follow.
