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Evening Thoughts
It's already evening, and the market remains choppy with oscillations, but Friday's trading session will definitely not end quietly. The current range-bound movement is actually a buildup of momentum, and tonight is likely to see a significant market fluctuation.
Overall, the intraday trend is weak and downward, with the 80k level providing only temporary support, but lacking any rebound momentum. In fact, the resistance is fragile, and a break below can happen in an instant.
Friday's market is usually prone to one-sided trends, and today’s trading has been predominantly bearish. The trend-following approach remains firmly bearish.
Trading Suggestions:
Bitcoin around 80,800 target near 79,000
Ethereum around 2,270 target near 2,200