$BTC 7.23 Wednesday early morning Bitcoin Ethereum market analysis and operation

The market shows a fluctuating trend during the day, with the price first correcting to a low of 116180 in the morning, stabilizing and then rebounding, reaching a maximum resistance level of 119588 before encountering resistance and falling back. In the evening, the price again dipped to near the support level of 117616. As for Ethereum, the daily trend is similar; in the morning, it fell from a high point of 3799, experiencing a deep correction to a low of 3620 before finding support. Currently, the price is fluctuating around 3730, and overall, the market shows obvious characteristics of range-bound fluctuations.

Xiao Ge's market judgment is precise and in place, and his bearish outlook perfectly aligns with the market trend. Today's trading performance is remarkable:

In the morning session, in the VIP wave strategy layout:

Bitcoin short position entered at 117500, perfectly taking profit at 116000, gaining 1500 points

Ethereum short position entered at 3770, smoothly exiting at 3700, earning 70 points

In the afternoon, the market was relatively stable, but Ethereum achieved another good result:

Short position entered at 3781, exiting at 3684 for a profit of 97 points

When rebounding to 3712, decisively entered a second time, exiting at 3634 for an additional profit of 78 points

Evening Bitcoin trading:

Precise short position entry at 119500, exiting at 117800 for a huge gain of 1700 points

From the current 4-hour level market trend, the recent candlestick patterns show that almost every candle has significant long upper and lower shadows, with the length of the lower shadow generally exceeding the upper shadow. Although the bearish forces are continuously accumulating energy, attempting to break through the lower support level through multiple probing suppressions, each time the price dips, it can quickly rebound, forming a clear bottoming and rising trend. This technical pattern indicates that although the bears occupy short-term initiative, the bulls show strong defensive capabilities at key support levels. From the perspective of volume coordination, the volume shows a gentle increase during the decline, while the rebound is accompanied by a contraction in volume. This volume-price divergence suggests that the current bearish momentum has not yet been fully released, with further downward movement expected in the early morning.

Bitcoin: Short near 119000-119500, short-term target 117000

Ethereum: Short near 3730-3750, short-term target 3630