Wednesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the cryptocurrency world, market fluctuations are not to be feared; they serve as a touchstone for testing true faith. A truly steadfast belief will not waver due to momentary rises and falls. Maintain inner peace, adhere to your own judgment, and time will prove everything; persistence is victory.

On Wednesday morning, after Bitcoin's price dipped to a low of 105072, it stopped falling and then rebounded slightly, reaching a high of 105800 before facing selling pressure and retreating again. Ethereum's price movement synchronized with Bitcoin, rising from a low of 2575 to a high of 2622 before entering a phase of consolidation.

From the current hourly chart perspective, after a wave of decline, the market has halted its drop, with prices close to the middle line of the Bollinger Bands, alternating between small bearish and bullish candles. Neither bulls nor bears have moved out of a significant range. In the short term, the market may continue to hover in the current area. Given the narrow fluctuation space in the current market, with neither side achieving a substantial breakthrough, we can capture the touch and breakthrough signals of high and low points during morning operations and act accordingly. Until the market breaks through the range, we should operate with a mindset of shorting at highs and longing at lows.

Trading Suggestions:

- Bitcoin can be bought around 105000, with a target of 106500.

- Ethereum can be bought around 2600, with a target of 2700#我的COS交易 #Circle扩大IPO规模 #币安Alpha上新 #Strategy增持比特币 #韩国加密政策