Midnight Friday Bitcoin Ethereum market analysis and daily summary

In the early hours of Saturday, the Bitcoin market experienced fluctuations again. In the afternoon, the coin price tested the bottom support once more before launching a rebound correction. Bitcoin reached a daily high of 106500, while Ether simultaneously surged to 2568, demonstrating the market's short-term resilience. Since Wednesday, the market has gone through several rounds of volatility, and this wave of bottoming and recovery aligns with expectations. Although the market dipped again in the early hours, it stabilized at around 102200, and the long position strategy attempted in the evening hit the stop loss, overall daily gains far exceeded this loss. In this market, seizing opportunities hinges on understanding the rhythm rather than simply chasing prices. Otherwise, even the best market conditions are unlikely to translate into actual profits.

From the current market situation, the price initially pulled back in the early morning and then tested lower again, but strong support below allowed the bulls to push prices higher after a slight retracement. Although the rebound shows a slow recovery characteristic, it demonstrates the resilience of the bulls. On an hourly basis, prices are oscillating under pressure between the upper and lower bands of the Bollinger Bands. While there hasn't been a strong breakout above the previous high, the support below remains solid, and the lower lows are gradually rising, indicating that the market is in a stage of consolidation. Combining this with the daily chart, it may close with a doji candlestick, and the short-term range-bound pattern may continue. Overall, the strategy leans towards seizing opportunities to go long after a pullback, utilizing the consolidation phase to build bullish positions.

Operation Suggestions:
In the range of 102500-103000 for Bitcoin, looking at 104000.
Ether 2380-2400 range, looking at 2500.
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