$BTC Review of the overall market on Wednesday, the anxious market ended with some improvement in the evening, but it still lacks a bit of momentum. Throughout the day, the trend was mainly focused on a slow upward movement, so our main short strategy held onto short positions, waiting for a suitable opportunity. The large coin increased by over 2000 points during the day, to be honest, it was unexpected, especially after the previous strong rise, to have such momentum. In the evening, when the coin price strongly broke through the 108000 mark, we immediately went short, and the market also made a correction. The current coin price is running above 107000, repeatedly testing the bottom support. Compared to the large coin, Ethereum's trend is slightly weaker. The day was basically a corrective trend, gradually moving lower with a step back after each move. The day's lowest point touched the low line of 2388.

Although the daily level of the large coin has risen continuously, the key resistance above cannot be ignored. Before hitting a new high, a pullback adjustment is a healthy trend. Otherwise, if there is a continued rise, it would completely liquidate the shorts, and the violent pullback after a new high will be even more bloody. Personally, I still lean towards a pullback; this way, the subsequent rise will be more sustainable. Therefore, near the resistance zone, do not chase the price upward, be cautious of being taken away. After a strong rise in the 4-hour level, there has been no pullback, moving in small upward steps. Although the probability of a large upward rise following this K-line shape is high, the closing shape of the current K-line is also very important. If it maintains the current state or closes as a bearish K-line, it indicates a weakening bullish momentum, increasing the probability of a subsequent adjustment. Additionally, the auxiliary indicators have entered the overbought territory. The rise of the large coin did not drive Ethereum; the short position of 2480 mentioned above still has good results. Their trends have become quite familiar. The daily level of Ethereum has not broken through the EMA200 and the middle track, temporarily just standing above the MA60 and MA7. Therefore, we should pay attention to its support situation in the short term; once it breaks, there is a high probability of testing the lower track again. On Wednesday midnight, we still focus mainly on the shorts.

Bitcoin: Short near 108000 Target 106000

Ethereum: Short near 2450 Target 2380#ETH