Wednesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the morning, the market continued its bearish momentum and dipped further. After finding support at around 103443 points, the market began to rebound, with Ethereum rising to a high point of 2724. However, selling pressure gradually appeared above, leading to a pullback, which stopped at around 2620.

From the 4-hour perspective, after undergoing a previous technical correction, the price welcomed a rebound. The candlestick closed in the green and successfully broke through the middle band of the Bollinger Bands, currently stabilizing above the middle band area. The Bollinger Bands are showing a sideways parallel movement, indicating that the market has entered a typical box consolidation phase. In the short term, the price may oscillate between the upper and middle bands of the Bollinger Bands, with afternoon strategies focusing mainly on selling high and buying low.

Bitcoin: Buy near 103400-103200 with a short-term target of 105000

Ethereum: Buy near 2640 with a short-term target of 2720