BTC started a bullish rally from yesterday's low of 58294, steadily rising along the Bollinger upper band, continuously hitting new highs to 62180. After touching the resistance high of 62180 in the early morning, bullish momentum weakened. The current price is 61506, fluctuating near above the Bollinger middle band, in a high-level consolidation with limited upward momentum. ETH, synchronized with BTC, started from a low of 1564, continuously breaking upward along the Bollinger upper band, reaching a daily high of 1725. After touching the Bollinger upper band at 1725, the trend entered a high-level sideways consolidation.



Currently, the Bollinger Bands are opening upward throughout, and the bullish trend structure remains intact. The price pullback only touched the upper band and then retraced to above the middle band, without any breakdown decline. The lows of this rally have been continuously lifting, with highs and lows rising step by step. The upward phase had sufficient volume. The current contraction pullback is a healthy shakeout after the rise. The Bollinger middle band at 61013 is the bullish defense line. As long as the 1-hour K-line does not close below this level, the upward structure continues. The lower band at 59725 is a strong support bottom. After short-term consolidation to absorb floating chips, accumulated volume may challenge the previous high of 62180 again. Holding above the upper band at 62301 will open up new upward space.

Friday Morning Trading Ideas
BTC long near 61000, target 62500
ETH long near 1660, target 1800
BTC0.43%
ETH0.35%
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