4.30, Wednesday, Analysis of Ethereum's Midday Strategy!

From a technical structure perspective, on the daily chart, the price is under pressure, oscillating around the middle track, with the running channel narrowing down, and the bearish volume continuing to align. There are virtual bars but no signs of volume reduction. The moving averages are tilting upwards but failing to maintain. In terms of trend, it cannot be said that there are significant signs of a major decline, but currently, there is no demand for upward momentum.

On the four-hour chart, the pattern is testing upward with pin bars, presenting a pullback trend. The bullish volume is insufficient, making it difficult for the running channel to open upwards. The moving averages are gently curving down. In the short cycle rhythm, it still leans towards a weak downward consolidation. Our subsequent strategy will primarily involve short positions.

Personal trading advice for Bitcoin: Short around 95,500, targeting 94,500 - 93,500.

Personal trading advice for Ethereum: Short around 1,820, targeting 1,870 - 1,850.