Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
From the current market structure, Bitcoin has completed its earlier bottoming repair and is gradually transitioning into a strong oscillatory operating rhythm. Technical patterns across multiple time frames are showing resonant support, and the trend direction is becoming increasingly clear, laying a structural foundation for future upward expansion.
On the four-hour level, since stabilizing around 87189, the price has formed an ascending channel with gradually rising lows. Each pullback has found support at key positions in the previous consolidation range, without any effective breakdowns. The candlestick chart shows a gradual rise characterized by alternating small bullish and solid bullish lines, reflecting the sustained buying pressure below, with bullish momentum being released in an orderly manner. Although there remains a key resistance zone above, this pressure is more viewed as a normal technical adjustment in the overall oscillatory upward trend.
The hourly level shows a stepped upward technical characteristic, with the recent pullback range and cycle being within a healthy consolidation scope. Recent profit-taking behaviors essentially belong to a benign turnover and momentum reserve within the trend, which not only does not damage the overall structure but also helps clear floating chips and consolidate support, accumulating energy for future upward movements.
Trading Suggestions:
Bitcoin can be traded in batches around the 87800-88300 range for long positions, targeting near 90000.
Ethereum can be traded in batches around the 2950-2970 range for long positions, targeting near 3100.
