Wednesday, Bitcoin and Ethereum Morning Market Analysis
Yesterday's bearish perspective was accurate; after a comprehensive market analysis, everything was under control. Every day someone asks me to add to the group. Is it important? Keep up with the trend, and you'll soar.
Back to the market, on the 4-hour chart, the price has been continuously declining; the current market is in a weak consolidation phase. Although there was a slight rebound, the upward momentum is still lacking, and the bears remain dominant. The bulls have not shown effective continuation, and the current halt in upward movement is evident, so we should maintain a bearish outlook.
Wednesday Morning Recommendations
Bitcoin: Short near 75300-76300, target around 74000
Ethereum: Short near 1470-1500, target around 1300
All the best is not as good as just right; what I see is what I have, and I do not refute good or bad.
