Wednesday Evening Crypto Market Layout: A Pullback is an Entry Opportunity
As the candlestick chart outlines the trajectory of wealth, each late-night watcher of the market is writing their own extraordinary story. The market never disappoints those who are diligent; tonight we once again walk alongside opportunity.
Market Review:
Bitcoin entered a technical pullback after hitting a high of 105967 in the afternoon; it is currently stabilizing at the key support area of 105000. Ethereum followed suit, pulling back from a high of 2650 to around 2625, where it found buying support.
In-Depth Market Analysis:
1. The four-hour level shows a typical "bearish exhaustion" pattern:
- The middle band of the Bollinger Bands exhibits strong defensive strength
- Although the MACD indicator is in positive territory, the fast and slow lines are showing the early signs of a golden cross
- The bearish volume bars are showing a gradually shrinking trend
2. The one-hour level exposes the main force's intentions:
- The double bearish candlesticks following three consecutive bullish ones did not break the lower band
- The trading volume shows a healthy pattern of "expanding on the rise, contracting on the fall"
- The RSI indicator has completed a technical correction from the overbought zone
Precise Trading Strategy
Bitcoin Layout:
▶ Long Trigger Zone: 104500-104800 (suggest building positions in batches)
▶ First Target Price: 106200 (move to take profit upon breakthrough)
▶ Ultimate Target Price: 107000 (be cautious about reducing positions in the strong resistance area)
Ethereum Layout:
◉ Ideal Entry Point: 2595-2605 (strictly set stop loss below 2580)
◉ First Target Price: 2640 (day pressure conversion point)
◉ Trend Target: 2660 (psychological level of previous high)
