Wednesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Looking back at the bullish outlook provided in the morning, it has perfectly materialized, with the live trading peaking at around 105,100 as expected. The strategy was announced in advance, and the bullish perspective from the morning continues to be maintained; those who strictly execute naturally reap substantial rewards—this further confirms that in the journey of cryptocurrency trading, choosing the right guidance can often help avoid many detours. Sometimes, choosing is far more important than blindly putting in effort.
From the one-hour level, after the price tested the key low of 103,300, it stabilized and rebounded relying on a bullish candlestick pattern. Bollinger Bands Indicator: The price reached the lower band and received strong support, and is currently steadily moving upward towards the middle band. A successful breakout of the middle band will be a key signal for opening further rebound space. MACD Indicator: Bearish momentum (green bars) continues to decline. 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 a three-line golden cross, it diverges upward, clearly showing that short-term bullish strength is significantly accumulating. Multiple indicators have shown a resonance of bullish signals, and the short-term rebound pattern is expected to continue. The current focus is on the effective breakout of the middle line and the further confirmation of the upward trend by the MACD indicator.
Trading Suggestions:
Buy Bitcoin in the range of 104,000-104,500, target 105,500.
Buy Ethereum in the range of 2,480-2,500, target 2,550.
