On Friday, the overall market showed a seesaw battle, with relatively small intraday volatility. After dropping to a low of 90800 in the morning, BTC slowly rebounded throughout the day, gradually recovering upward. By midday, it had recovered to around 92665 before pausing, then began to slowly pull back. ETH followed a similar rhythm as BTC, stopping its morning pullback at the 3064 level, and also consolidated intraday. ETH’s midday rebound was relatively strong, with the highest reaching 3192 so far.
Currently, the market is releasing clear positive signals. The four-hour candle’s body is narrowing, and after several tests of the 91800 area, each time the long lower shadow shows strong buying support at this level, indicating a solid buy wall. The bearish momentum has significantly weakened. While the market hasn’t entered a strong reversal, the balance of power is quietly shifting, and technical recovery is steadily underway.
Trading suggestions: BTC: Long around 92100-91900, target around 93500 ETH: Long around 3150-3130, target around 3250
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12.5 Afternoon Silk Road
On Friday, the overall market showed a seesaw battle, with relatively small intraday volatility. After dropping to a low of 90800 in the morning, BTC slowly rebounded throughout the day, gradually recovering upward. By midday, it had recovered to around 92665 before pausing, then began to slowly pull back. ETH followed a similar rhythm as BTC, stopping its morning pullback at the 3064 level, and also consolidated intraday. ETH’s midday rebound was relatively strong, with the highest reaching 3192 so far.
Currently, the market is releasing clear positive signals. The four-hour candle’s body is narrowing, and after several tests of the 91800 area, each time the long lower shadow shows strong buying support at this level, indicating a solid buy wall. The bearish momentum has significantly weakened. While the market hasn’t entered a strong reversal, the balance of power is quietly shifting, and technical recovery is steadily underway.
Trading suggestions:
BTC: Long around 92100-91900, target around 93500
ETH: Long around 3150-3130, target around 3250