1.3 Friday night Bitcoin market analysis
The market trend in the afternoon was slightly weaker, providing opportunities for Kongtou. The price dropped as low as 96061, but did not break the support level. Instead, it bottomed out again and is in the process of rising. The aunt also experienced a downward trend in the afternoon, with the lowest falling to the low line of 3424.
As far as the trend structure of Bitcoin is concerned, it has not yet formed a significant breakthrough or downward trend. The short-term trend is still seeing back and forth within the range. In the short-term form, it is suppressed by the 97687 point. The high points of multiple intraday rebounds are hovering near this point. This position has obvious resistance. Before an effective breakthrough in this area has been completed, one must not blindly chase the rise. Observing from the 4-hour to daily range, although the market has repaired the suppression in most of the mid-term indicators, it has not achieved a successful upward breakthrough. Analyzing from the hourly line and below, the low point of partial adjustment has risen, and the price has also repaired most of the suppression at this level. The current shipping conditions as a whole show a pattern of range oscillation. In terms of operation, we can see the opportunity for a short rebound, mainly in the short term.
Bitcoin: Near 97500, short-term target is 95500
Ethereum: 3500-3470 is possible, short-term target is 3350
