$BTC Morning Market Recap: BTC initially rose and then fell, retreating to a low of 118424 after peaking around 120250, showing an overall correction and repair trend. It is worth noting that the real risk in the market is not the decline itself, but the impulsive actions driven by panic. Waiting for a clear signal is far better than acting rashly and can help maintain control. After all, the market never lacks opportunities; what it lacks is the ability to stay steady during declines and to restrain greed during rises.
From the four-hour chart, the market shows an alternating pattern of large ups and downs. The price has repeatedly tested the upper and lower resistance and support levels without effectively breaking through, oscillating back and forth in the range, with an overall slow downward trend. The current price is running between the middle and lower bands of the Bollinger Bands. Considering this pattern, it is expected that the market will continue to oscillate in the short term, with a potential for a rebound. Looking at the hourly chart, the Bollinger Bands are slowly narrowing, with the market operating below the middle band, and a continuous battle between bulls and bears. Before a clear direction emerges, short-term movements will still be dominated by oscillation, so future operational strategies should mainly focus on positioning long orders at lower levels.
Wednesday Afternoon Trading Suggestions:
- BTC: Position long orders in the range of 117800-118300, target 121000
- ETH: Position long orders in the range of 3650-3680, target 3800#RWA热潮 $ETH #BNB创新高 #山寨季來了? #稳定币监管风暴