Friday Night Bitcoin and Ethereum Market Analysis

Both gains and losses are part of the market; profits and losses are experiences. As long as your direction is correct, taking it slow and steady will eventually lead you to the shores of wealth. Today, Bitcoin fluctuated around 90,800, with two breakthroughs of 89,650 points in the afternoon, but both were pulled back within a short period to revisit above 90,000. Since then, it has been slowly recovering through oscillation. Currently, the price has regained some ground, and the bullish outlook provided earlier was a timely stop-loss.
From the current market situation, both Bitcoin and Ethereum daily charts have completed their correction, and a healthy bullish rebound has formed at the short-term low points. The four-hour chart has already shown a series of downward candles and is showing signs of continuing upward. The overall market has formed a small cycle breakout, with the short-term trend slightly strong, but not an extremely strong one-way move. On the 4-hour level, Bitcoin's price formed a small V-shaped reversal after touching the 89,650 low. If today’s price breaks through the previous resistance and starts to decline, the bullish trend will officially enter a strong continuation. Otherwise, it will still form a step-by-step oscillation with a slight bullish bias.
Tonight, we should maintain a strategy of buying on dips in anticipation of bullish rebounds.

Friday night, the main Bitcoin position is bullish around 89,500-90,000, with attention to 91,500.
Second Auntie’s position is bullish at 3,000-3,050, with attention to 315,000#GateFun马勒戈币暴涨1251.09% #Gate广场创作者新春激励 #非农就业数据