Friday Morning Market Analysis and Trading Suggestions

Good morning, everyone. The Bitcoin has been in a holding pattern 🈳 since yesterday, and I am still stuck in it. As I mentioned yesterday, the daily chart is facing resistance at the middle Bollinger Band, and as long as the 98000 level holds, the bulls are just paper tigers. Continue to hold short positions. I am currently operating according to this idea.

For today, continue to pay attention to the 98000 level. This level is the daily middle band resistance, and from a four-hour perspective, the stochastic indicator has also entered the oversold area, limiting the rebound strength. Therefore, for today, the focus remains on bearish trends and short selling.

For intraday short positions, continue to target the 95000-93000 level, taking profits in batches, with 98000 as the stop-loss.

For Ethereum, short positions are also synchronized, targeting 3380-3350, taking profits in batches, with 3520 as the stop-loss.

The above suggestions are for reference only! $BTC $ETH $XRP #币安Alpha公布第10批项目 #币安全球用户突破2.5亿 #比特币走势观察 #AIAgent热潮 #XRP重返市值前三