Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations

Last night, Bitcoin's price moved downward as expected. Yesterday, I emphasized to follow the trend first! The price has formed a small V-shaped reversal structure and has currently rebounded to around 104300. The strategy was announced in advance, and those who strictly executed it have naturally reaped significant rewards—this once again confirms that in the journey through the cryptocurrency world, choosing the correct guidance can often avoid many detours. Sometimes, choice is far superior to blind effort.

From the one-hour chart, after the price tested the key low at 103300, it stabilized and rebounded relying on a bullish candlestick combination. Bollinger Bands indicator: the price touched the lower band and received strong support, and is currently steadily moving towards the middle band. An effective breakthrough of the middle band will be a key signal to open up further rebound space. MACD indicator: bearish momentum (green bars) continues to diminish. If a golden cross forms subsequently and the green bars turn red, it will clearly confirm the momentum of the bullish trend reversal. KDJ indicator: after the three-line golden cross, it is diverging upwards, clearly showing that short-term bullish strength is significantly accumulating. Multiple indicators have shown a resonant bullish signal, and a short-term rebound pattern is expected to extend. The current focus is on the effective breakthrough of the middle band and further confirmation of the upward trend by the MACD indicator.

Trading Recommendations:

Buy Bitcoin in the 104000-104300 range, with a target of 105500.

Buy Ethereum in the 2480-2500 range, with a target of 2550#美联储FOMC会议 #Solana现货ETF竞赛 #币安HODLer空投SPK #币安钱包TGE #X平台封号 $BTC $ETH $XRP