Market fluctuations are normal, just as the waves rise and fall, because this is often part of market adjustments. Control your emotions and face market changes with a calm and rational attitude. Only in this way can we find real opportunities in market fluctuations and achieve steady wealth growth. On Wednesday, the Bitcoin market rebounded after dipping to a low of 93678 in the morning, reaching a high of 95149 in the afternoon before stopping. The Ethereum market followed a similar trend as Bitcoin, rebounding from a low of 1788 to a high of 18136 before pausing.
According to the current market situation, the four-hour level shows that after experiencing a wave of rebound, the price has returned to above the middle track of the Bollinger Bands, but this rebound has not made up for all the losses of the morning, indicating that the strength of the bulls' rebound is limited and not strong in continuation. In the short term, there is still pressure from above, and the overall trend remains weak. From the one-hour level, the market has shown a stagnation phase after a series of upward moves, with both bulls and bears entering a tug-of-war stage. However, the KDJ indicator's J value has entered the overbought zone, and trading volume has significantly decreased. Therefore, in the afternoon operation, we will consider a high short strategy after the rebound.
Bitcoin can be shorted around 95000-95200, targeting 93500.
Ethereum can be shorted around 1815, targeting 1750.
