Friday has come to an end. Looking back at the entire day's market on Friday, after Bitcoin's price attempted to push higher in the morning but failed, it showed a slight downward trend. There was no break below on the downside. In the evening, long positions once again gathered momentum, but due to the strong resistance level above hitting a wall again, Bitcoin's price faced significant higher trade volumes from short positions. The intraday low reached 107316. There was a space of nearly four thousand points. Ethereum rose steadily from midnight to midday before hitting resistance and retracing at 2734, with short positions in BTC also increasing in the evening. As we approach the weekend, it is expected that the market will mainly revolve around a consolidation pattern throughout the day, and the weekend presents a good opportunity.

Judging from the technical analysis of the disk, at the daily level, after the previous steady upward movement, a strong pullback trend was given in the evening. On the one hand, some bulls choose to close on the high, on the other hand, in the process of callback, bargain buying intervenes, forming a pattern of resistance and support. Although the price of the Bollinger band bearish daily level has corrected, it still maintains near the upper Bollinger middle band, and the upper and middle bands maintain a stable upward trend, indicating that the current bullish trend has not fundamentally changed. On the 4-hour chart, the price has broken below near the middle band of the Bollinger Bands; In the process of the pullback, there is a ventive decline, indicating that the bears are gradually weakening, if we can get effective support at the current lower Bollinger position, the market is expected to regain the upward trend, and we will revolve around the bulls all day at midnight

Operating recommendations
BTC 108500 long positions Target 110000
Long positions on Ether at 2540 Target 2650

#BTC #ETH