Last Friday's market was truly tumultuous—starting from early morning, it maintained an upward momentum, with the daytime trading steadily increasing. In the evening, the price surged toward the 90,000 level but faced resistance and pulled back. Subsequently, the US stock market opened high but closed low, and the market regained its momentum, briefly reaching a high of 90,945. After this rally, the market consolidated around a thousand points, currently testing the 89,800 level repeatedly. Ethereum followed the overall trend, falling from 3,149 back to around 3,100, also in a range-bound oscillation.
From a technical perspective, Bitcoin's daily chart is in an interesting pattern—price broke out from the Bollinger middle band resistance zone and has now stabilized above the middle band. After breaking above the upper band, it pulled back, and with the Bollinger bands tightening significantly, this often indicates an imminent trend reversal.
The four-hour chart shows more detailed behavior: after a surge, the price consolidated near the upper Bollinger band, forming a high-level consolidation. The doji candlestick completed a short-term correction but without a deep retracement, indicating that the selling pressure is weakening and the bulls are gaining control. The bullish logic is gradually being established, and market sentiment is clearly leaning bullish.
The hourly chart shows a clear upward channel extension: the recent strong rally effectively broke through key resistance and stabilized above the previous resistance zone, opening the door for further upward movement. The next target is likely to be the upper boundary of the channel, aiming for the next significant area.
**Trading Strategy**: The best time to go long is during a pullback to support levels, following the oscillating upward trend for swing trading. Going with the trend is key.
**Price References**:
$BTC can consider going long around 89,000-89,500, targeting 92,000
$ETH can be positioned around 3,100-3,120, aiming for 3,250