Friday midday Bitcoin and Ethereum market analysis and trading suggestions


The market is not actually complicated; levels are provided in advance, and the trend moves as expected, making opportunities naturally apparent. As long as the direction is correct and execution is in place, capturing profits becomes a matter of course. There is no need to overcomplicate the market; follow logical operations and steadily take the profits that should be taken.
From the current Bitcoin chart structure, the market has officially shifted from the previous weak rebound to an accelerated downtrend. On the four-hour chart, the price is clearly under pressure around 88,500, followed by consecutive bearish candles, effectively breaking below the short-term moving averages and the middle Bollinger band. Currently, the middle band is turning downward, indicating that the rebound structure has been broken, and the bears are regaining control. Although there is a shadow recovery near 86,900 below, the buying strength is limited and has not formed an effective reversal pattern. On the one-hour chart, after continuous volume-driven decline, the market enters a weak sideways consolidation, with low-volume rebounds and gradually lower lows, typical of a downward continuation rather than a sign of stabilization.
Overall, Bitcoin remains in a continuation of the bearish trend. Even if there is a short-term rebound, it is more likely to be a trap for short-term recovery. Until the price re-establishes itself above key resistance zones, the overall approach should remain bearish, with caution against a second downward probe.
Trading references:
Bitcoin: Short around 87,800-88,300, target near 86,500
Ethereum: Short around 2,940-2,960, target near 2,880
BTC1.49%
ETH0.69%
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GateUser-670bc82evip
· 1h ago
hello everyone how are you today
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