Friday Afternoon Bitcoin and Ethereum Analysis

As we enter the afternoon, the overall market remains in a sideways structure, oscillating back and forth. The direction of various indicators is unclear, indicating that the market is still in a tug-of-war between bulls and bears. In the short-term oscillation range, one can short at high levels and go long at low levels. I wonder if any friends have kept up with Lao Wang's rhythm; even the smallest mosquito is still meat.

Looking at the real trading situation, from the hourly chart, the K-line is running at the upper Bollinger Band, indicating strong short-term momentum. However, the middle Bollinger Band serves as a key area for the battle between bulls and bears, and it has encountered multiple downward probes. Fortunately, the bulls have been able to quickly counterattack. Currently, in real trading conditions, the bull-bear contest is led by the bulls, while the bears continue to probe lower. Focus on the area around the middle Bollinger Band at 104500. If the bears effectively break through and continue to increase volume below it, the bulls may weaken. We can look to chase long or enter short near the support level around the integer mark of 104000 based on volume; conversely, if the bulls are strong and continue to rise, we can look to enter near the upper integer mark of 105000 based on the upward trend.

Trading Suggestions:

Short near 105000 for Bitcoin, target 104300.

Short near 2540 for Ethereum, target around 2490. #X超级应用转型 $BTC