The current market focus remains on geopolitical conflicts and the Federal Reserve's interest rate meeting, with the long-short game reflecting the impact of escalating geopolitical tensions.
Looking back at yesterday's market, Bitcoin rebounded to a high point of 107727 in the afternoon, but then the price faced downward pressure and fell continuously under the influence of bears, hitting a low of 103300 at midnight.
Ethereum started to face downward pressure from the afternoon rebound high of 2617, with the bears also showing strong momentum, reaching a midnight low of 2451. Recently, various news has had a significant impact on market conditions, changing the technical patterns.
After three consecutive bearish candles on the 4-hour chart, it reached the lower boundary and began to rebound, entering a tug-of-war phase between bulls and bears. The low is at 103300, and the rebound high is at 105288. Within this range, a short-term consolidation cycle has formed, beginning to switch to horizontal correction. Today's trading strategy allows for a long entry if the midnight low of 103300 does not break, but if the rebound high does not break, then follow the bears.
Trading suggestions:
On Wednesday morning, Bitcoin can be bought near 103700-104000, with an initial target of 105300-106000.
Ethereum can be bought near 2470, with an initial target of 2550.
