Wednesday Daytime BTC/ETH Latest Analysis and Operations
Looking back at the midnight market, the downtrend continued, but the pullback space remains effective—Bitcoin hit a low of 102400, and after Ethereum dipped to 3400, it quickly started to rebound and recover. Yesterday at midnight, the short position was timely closed for profit, and the daytime strategy shifted to focus on bullish positions, keeping in sync with the rhythm to enter the market.
Analysis shows that the current market rebound trend continues, the bearish downward momentum has significantly weakened, and the bulls are gradually regaining initiative. From the four-hour level, it is operating in the lower Bollinger Band area, and the bearish movement lacks sustained downward strength; the bearish energy has gradually been exhausted. On the hourly level, after multiple tests at the bottom, a bottoming formation has formed, with long lower shadows appearing repeatedly, further solidifying the bottom support. As bottoming momentum continues to accumulate, the subsequent rebound market is worth looking forward to.
Operations revolve around the bottoming logic, with the main focus being on bullish positions after a pullback.
Bitcoin: Long in the 102000-102800 range, targeting 104000 first, then 106000;
Ethereum: Long in the 3380-3420 range, targeting 3500, 3600
