Friday Morning Bitcoin & Ethereum Trading Ideas and Strategy Analysis

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Recently, I’ve been busy assisting clients and have indeed missed sharing updates with everyone. I also want to remind you all: when the market kicks off, don’t wait for Lao Wang’s updates. Lao Wang is basically always on the road helping clients. If you have any questions, reach out to him directly—don’t wait for an article. Now, let’s reanalyze the new round of market movement. As for the previous long position analysis, it has concluded—congratulations to those who followed and made a profit. For the upcoming trend, I’ll give you the conclusion first: for those of you without patience, you can stop here. The bullish trend will likely continue, with insufficient downward momentum. If you’re holding long positions or spot assets, you can continue to hold. We remain optimistic about further bullish movement.

From a technical perspective, on the daily chart, the 7-day moving average has once again crossed above the 30-day moving average, indicating a strong short-term growth trend. Looking at the Bollinger Bands, the current market is moving between the middle and lower bands. However, from 08:00 this morning, the upper and lower Bollinger Bands have started to converge slightly, signaling a narrowing. When the Bollinger Bands contract after a prolonged decline, it suggests that the forces of bulls and bears are gradually balancing out, and the price is likely to enter a period of sideways consolidation. Investors should mainly observe during this phase. This means there could be a short-term sideways correction, and the market is unlikely to see a significant pullback in the near term. Therefore, maintaining a bullish strategy remains appropriate.

Bitcoin: 92000-91800 Long Target: Watch 93500
Ethereum: 3100-3080 Long Target: Watch 3230