1.3 Analysis of Bitcoin Market on Friday Afternoon

In the morning, after hitting the high point of 97325, Bitcoin began to pull back under pressure, all the way down to the low point of 96555. After that, although there was a small rebound, the strength of the rebound was relatively weak, and it was difficult to form an effective upward trend. Ethereum also pulled back from the high point of 3476 to the lowest low point of 3443.

From the four-hour level, a short trend has been formed. However, there is still a certain demand for long orders, and the upper pressure positions are mainly concentrated around 98000 and 97500. At the one-hour level, it presents a sideways oscillation pattern. For the rebound of Bitcoin, it must break through and stand above the position of 97100 before it can start a one-hour rebound. At that time, the upper target pressure level needs to be paid attention to. If it is reached, you can choose to enter the market and pay attention to the lower target position of 95500.

Bitcoin: 97500-97000 is possible, short-term target is 95500

Ethereum: 3480-3460 is possible, short-term target is 3350

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