The market on Friday once again completed its course. A brief review: Bitcoin saw a strong bullish pump in the early hours, breaking through new highs and stabilizing above 106500. After some fluctuations and consolidation in the evening, it experienced a fall, dropping from a high of 118191 to a low of 116611 before stopping the decline and rebounding, currently recovering to above 117000. Ethereum, on the other hand, faced pressure after a slight rebound to a high of 3011, falling back after touching a low of 2939. During the day, following a bullish strategy, Bitcoin accumulated a profit of 6126 points, while Ethereum accumulated a profit of 311 points.

From the market perspective, the four-hour level shows that after six consecutive rises, the bullish momentum has weakened, and the bears have triggered a certain pullback, with the price retracing to below the upper Bollinger band. However, the Bollinger band still maintains an upward opening, and the overall operation has not deviated from the upward channel. The current pullback is a normal correction. At the one-hour level, the market has oscillated down to the middle Bollinger band, and the Bollinger band is gradually narrowing, indicating that the range of this pullback is limited and the overall trend will not undergo a substantial change. With the U.S. stock market closed for the weekend, the market volatility is low, and it is expected to continue oscillating and adjusting within the range. One can take the opportunity to sell high and buy low, with the overall direction remaining bullish, as the pullback presents a good opportunity to go long.

Bitcoin can be long positions in the range of 116500-117000, targeting around 120000; Ether can be long positions in the range of 2950-2970, targeting around 3060.