Based on the current BTC trend, it appears stronger than ETH, with the two starting to show similar movement patterns. Tonight, it’s advisable to maintain a long position after slightly reducing the size, aiming for a target of at least 102,000. However, this is just an expected target. As long as the price doesn’t drop below the support level around 98,800 in the near term, the medium-term trend should remain intact.
As for ETH, the medium-term downward deviation and low liquidity are causing it to remain in a range. The upper limit of the range is around 2,880, and the lower limit is around 2,630. A successful breakout would occur if it exceeds 2,900. However, it's not recommended to trade ETH contracts at the moment, as its weakness is apparent, and even significant news doesn't seem to have much impact on the price.
For the larger cycle, the bearish outlook holds unless BTC breaks through 102,000. If the price doesn’t fall below 94,000 after a second attempt to test it, the medium-term pullback could be considered over. No other trades are planned for now, so it's best to rest on Saturday and reconvene at 18:00 on Sunday.
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Based on the current BTC trend, it appears stronger than ETH, with the two starting to show similar movement patterns. Tonight, it’s advisable to maintain a long position after slightly reducing the size, aiming for a target of at least 102,000. However, this is just an expected target. As long as the price doesn’t drop below the support level around 98,800 in the near term, the medium-term trend should remain intact.
As for ETH, the medium-term downward deviation and low liquidity are causing it to remain in a range. The upper limit of the range is around 2,880, and the lower limit is around 2,630. A successful breakout would occur if it exceeds 2,900. However, it's not recommended to trade ETH contracts at the moment, as its weakness is apparent, and even significant news doesn't seem to have much impact on the price.
For the larger cycle, the bearish outlook holds unless BTC breaks through 102,000. If the price doesn’t fall below 94,000 after a second attempt to test it, the medium-term pullback could be considered over. No other trades are planned for now, so it's best to rest on Saturday and reconvene at 18:00 on Sunday.