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1.2 Friday Morning Analysis of Bitcoin and Ethereum
Bitcoin's correction has not yet ended, and the market remains in a volatile pattern. During the New Year's holiday, although trading strategies were updated, market analysis was not continuously published due to family gatherings. However, Bitcoin's trend has largely met expectations, showing an upward momentum.
Currently, Bitcoin's upward momentum faces resistance again. The four-hour chart indicates that the oscillation range is further narrowing. Nevertheless, as the range tightens, the possibility of a breakout is gradually emerging. But before a breakout occurs, the market will continue to maintain a volatile pattern. Investors are advised to remain cautious and primarily adopt a range-bound trading strategy. Bitcoin is expected to reach 89,500, and Ethereum is expected to reach 3,100.
#BTC #ETH #BNB