Looking back at Friday's intraday market, Bitcoin continued the pullback trend from yesterday, quickly stabilizing and rebounding after dipping to a low of 85199. In the evening, bulls pushed prices higher, reaching a peak of 88610; Ethereum's movement remained highly synchronized with Bitcoin, starting its upward oscillation from a low of 2811 in the morning and climbing to around 2994 in the evening, presenting an overall strong rebound pattern.
From a technical perspective, Bitcoin has been repeatedly testing key resistance levels in the four-hour cycle, clearly indicating that the market is at a critical position for capital rotation and momentum accumulation. Despite multiple attempts to break through, the bullish support below is strong, showing that market bullish sentiment remains robust; at the same time, the price is oscillating near the upper Bollinger band, with volume simultaneously contracting. Switching to the one-hour cycle for observation, the price fell back before reaching the upper band, which is a healthy adjustment trend that actively digests short-term profit-taking. Such pullbacks can effectively clean up floating capital in the market and further solidify the foundation for upward movement, providing momentum for future breakthroughs. Overall, Bitcoin's support area below is solid, and the upward structure has not weakened; the current oscillation consolidation is just a normal adjustment phase in the process of trend continuation.
Bitcoin: It is recommended to look for opportunities to place long positions near 87000, with a target around 90000
Ethereum: It is recommended to look for opportunities to enter long positions near 2930, with a target around 3100 $BTC
