1.3 Friday Bitcoin and Ethereum Morning Trading Suggestions

At midnight, Bitcoin is still in a range-bound situation. The price has pulled back to the low point of 96018 but failed to break this effective support, immediately rebounding to a high point of 97822. So far, the overall trend shows that bulls hold an advantage, but there is room for a pullback. Ethereum has shown some weakness after reaching a high point of 3511, showing a trend of fluctuating downwards, with a low point reaching 3420.

Currently, Bitcoin on the daily chart has not broken the pullback and is rebounding, with bulls beginning to organize an upward move, but has not effectively broken through the mid-track resistance. Although a pullback has occurred, the momentum is not strong, and bulls need to gather strength. On the short-term four-hour chart, the price is testing upwards, with low points steadily rising. Although there has been a pullback, it has not regained yesterday's increase, and it is still operating around 97000, with bearish sentiment being quite strong. Although a pullback is expected in the short term, the momentum will not be too strong. Focus on the situation of breaking through 98000 today. If it effectively breaks, the coin price is expected to touch around 100000 again. Morning short-term suggestion: short once and then continue to watch for bullish signals, expecting bulls to continue attacking.

Friday Morning Trading Suggestions

Bitcoin can be bought at 96000-96300, targeting the 100000 mark.

Ethereum can be bought at 3400-3430, targeting around 3520.

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