Thursday's perfect day is also about to end. In the early morning, a waterfall-like plunge occurred from the high line of 105343, clearing out the previous bullish trend. The morning price of the coin hit a low of 98744. After reaching this low, the market experienced a rebound and rose again. In the evening, the market peaked at 102756 before showing a downward spike, also breaking through the 100000 mark. Ethereum's intraday movement was similar to Bitcoin's; in the morning it touched a low of 3540, and also saw fluctuations and a rise throughout the day, with another downward spike in the evening. Our bullish outlook for the evening also successfully captured a space of 1400 points. It is essential to understand when to enter and exit positions in contracts; this is the essence, rather than relying solely on gambling or luck.
From a four-hour structural perspective, the double-bottom pattern allowed the large bullish candle to form, but it faced resistance from the middle band, resulting in some pullback. Currently, the market structure has not changed, and we are considering the low point lower boundary as a reference for long positions, waiting for a rebound. From the hourly level, the Bollinger Bands are narrowing, with the middle band trending down, indicating that bearish momentum still has some residual strength. Here, we should pay close attention to the lower boundary resistance around 98500; if reached, it will signal a new round of rebound. Late at night, we can first observe the strength of the pullback before participating in low long positions.
Operational Suggestions
Long Bitcoin at 99000-99400, target 102000
Long Ethereum near 3500, target 3630
