1.3 Friday Morning Bitcoin and Ethereum Market Analysis
At midnight, Bitcoin is still in a range-bound situation. The price has pulled back to a low of 96018 but has not broken this effective support, immediately rebounding to a high of 97822. As of now, the overall trend is in favor of the bulls, although there is also room for a pullback. After reaching a high of 3511, Ethereum's market trend has appeared somewhat weak, oscillating downward with a low reaching 3420.
From the daily chart, the coin price continues to rise slowly, attempting to stabilize around the 97000 level. If it cannot effectively break through the strong pressure of the daily Bollinger middle line or fails to hold this position during the day, the price is likely to test lower again. From the short-term four-hour chart, the price is testing upward, reopening the Bollinger Bands, and has now reached around 96900. In today's operations, it is crucial to focus on the breakout and stabilization around the 98000 level. Based on this market judgment, the direction remains unchanged.
Bitcoin: Around 97500-98000, can go long; short-term target 95000
Ethereum: Around 3490-3460, can go long; short-term target 3320
