#BTC #ETH Investing is like sailing; opportunities are the fleeting tailwinds. Once they appear, one must quickly raise the sails, harness the wind, and sail towards the shores of wealth and freedom; hesitation will only leave one stranded in place. On Wednesday evening, the price once again tested the 109700 mark but faced resistance, reaching a maximum of 109769, yet still failing to break through effectively. It has currently retraced to around 109200, oscillating in consolidation. The instrument is relatively stronger, stabilizing above the 2600 mark during the day, currently consolidating around 2650.
From the 4-hour candlestick chart, the market shows a more complex wave pattern. The price has gone through multiple rounds of bullish and bearish battles, with consecutive upper shadows indicating that the instrument faced strong resistance during its upward attempts, unable to effectively maintain high levels. Especially after reaching the 109769 mark, it quickly formed a longer upper shadow, signaling heavy selling pressure above, and the bearish forces are gradually strengthening. Moreover, the price has faced consecutive resistance in its upward movement, further confirming the lack of momentum for short-term upward attacks. The ongoing pressure solidifies the current weak structure, and in the absence of effective buying support, the upward space is already limited. The subsequent market trend will likely continue to show a retracement trend, requiring close attention to the strength of support levels below. The short-term strategy still looks for rebounds, aiming to take positions at high levels when the opportunity arises.
Operation Suggestions
Bitcoin: Around 109500—109800, target first at 108000
Instrument: Around 2670, target first at 2580