On Friday, Bitcoin's overall price fluctuation was not large, essentially maintaining a range-bound rhythm. Starting from the morning, it has been about high selling and low buying within the range. Throughout the day, both long and short positions were executed, with Bitcoin accumulating a total of 2000 points and Ethereum also earning over 100 points. As of now, the price has not broken out yet, and as the weekend approaches, it is highly likely that the market will continue to maintain a range-bound rhythm.

Although the short-term market has seen a pause, Bitcoin's daily chart has entered an adjustment period since being pressured at the 100,000 mark in November. It subsequently went through a triangular fluctuation and an upward trend, successfully breaking through the critical psychological resistance point of 100,000 last week. This level was previously a point of high pressure before a sharp drop, but now it has formed a top-bottom conversion and a double bottom support. After a pullback to this line, it is highly probable that there will be a stabilization and rebound action. Although the short-term bullish market is facing resistance at 102500-101800, the overall outlook remains optimistic. Just like in the previous bullish rebound process where difficulties were encountered but ultimately overcome, it is expected to break through the resistance and continue to rise after the weekend consolidation. In the short term, continue to maintain participation in the range provided by Bitcoin and follow the market trend once it breaks out.

Regarding Ethereum, although it is under short-term pressure at the 4000 mark, the price has stabilized and risen after multiple retests of lower support points, indicating that the mid-term bullish trend remains strong and the overall upward trend has not changed. In the short term, Ethereum has also entered a range-bound oscillation repair rhythm. Although the pace is slow, after the correction, the price may welcome a new round of increases. Before that, continue to refer to the high and low points of the range for short-term trading!

On Friday midnight, Bitcoin continued to reference the high selling and low buying in the 99000-102500 range, while Ethereum referred to participation in the 3800-4000 range, and if a breakout occurs, just follow the trend!