Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Last night, Bitcoin experienced a volatile correction, testing the strong support at 104,000. Subsequently, it did not undergo a deeper pullback; instead, it quickly gained momentum, breaking through previous highs. It remains strong, but there are many instances of long shadows after the close, indicating a fierce struggle between bulls and bears within a certain timeframe. During the day, it will still seek opportunities for upward breakouts after high-level fluctuations and adjustments.

On the four-hour level, the Bollinger Bands have begun to narrow, presenting a common adjustment pattern in small cycles. This does not indicate a trend reversal but rather a state of adjustment, with the price still in the upper range, indicating an overall bullish posture.

Bitcoin around 106,000 aims for 108,000

Ethereum around 2,480 aims for 2,600