The fluctuations in the cryptocurrency market are like the waves of the ocean, sometimes calm, sometimes turbulent. In the face of such a market, it is especially important to remain calm. Remember, volatility is not risk; blind actions are. Learn to find opportunities in volatility, and wait patiently for your moment. On Wednesday morning, the Bitcoin market formed a noticeable oscillation pattern, with prices touching a low of 104143 before rebounding slightly, reaching a high of 105135. Ethereum followed the same path as Bitcoin, stopping after falling to a low of 2492, and then showing a oscillatory rebound, with prices also reaching a high of 2536.
According to the current market situation, the four-hour level shows a slight rebound trend, but the MACD indicator's double lines continue to extend downward after forming a death cross, while the histogram gradually enlarges below the 0 axis. Overall, there are no obvious reversal signals, and market sentiment remains weak. The one-hour level shows that after a significant decline, the market is exhibiting a bouncing upward trend, with prices reaching the middle line of the Bollinger Bands. The KDJ indicator's three lines form a golden cross, indicating some short-term bullish momentum, but the Bollinger Bands open downwards, and the middle line also maintains a downward trend, so for the afternoon operations, we still maintain a bearish strategy.
Bitcoin can be shorted near 105500, with a target of 103500.
Ethereum can be shorted near 2550, with a target of 2450.
