$BTC 7.2 Wednesday Early Morning Bitcoin Ethereum Market Analysis and Trading Recommendations

Drawn 100 moving averages, yet unable to avoid a breakout; studied the relationship between volume and price for 10 years, still can't tell if a volume reduction with rising prices is an opportunity or a trap. Indicator formulas are merely excuses for self-justification: breaking out and chasing prices is said to follow the trend, while holding on during a breakout is termed value investing. The truth is: the market is always right, the only thing wrong can be you, after all, even Soros admits: 'Human understanding of things is never complete.' Today's market review shows that the overall trend is a fluctuating downward movement. Bitcoin faced pressure around 107,499 in the early session and subsequently fluctuated downwards to a low of 105,578. Although there was a slight rebound during this period, it failed to reverse the weak trend. Ethereum also opened a downward channel from a high of 2,499, hitting a daily low of 2,405, and is currently maintaining a fluctuating consolidation around 2,420. As predicted by Xiao Ge earlier, the market's bearish sentiment dominates, and the day’s trend perfectly validates our analytical logic. Today, we accurately grasped the market rhythm and laid out four short strategies: Regarding Bitcoin, a short position at 107,400 successfully garnered a 1,100 point gain, and another short at 106,800 in the evening gained another 1,100 points; for Ethereum, a short at 2,510 made a profit of 61 points, and a short at 2,451 earned 27 points. The overall trading strategy was executed effectively, yielding considerable returns.

From the 4-hour candlestick chart, after failing to break the resistance level of 108,800, the market has shown a continuous downward trend. The overall movement has created a clear stepped descending channel, during which bulls have repeatedly tried to organize a rebound, but constrained by strong resistance above and weakening market sentiment, they ultimately failed to achieve effective breakthroughs. The current market shows that bears dominate, with each rebound peak lower than the previous one, forming a typical descending trend characteristic. We maintain the strategy of shorting on rebounds.

Bitcoin: Short near 106,300-106,600 with a short-term target of 104,800

Ethereum: Short near 2,440 with a short-term target of 2,280