On the morning of $BTC , the Bitcoin market initially rose and then fell. In the early session, it surged to around 120250 before fluctuating downwards, reaching a low of 118424. Overall, it has entered a corrective phase. It is important to understand that the biggest risk in the market is not the decline in prices, but the blind actions driven by panic. Instead of rushing to enter the market, it is better to patiently wait for clear signals; being a step slower can actually help maintain control amidst volatility. The market never lacks opportunities; what is lacking is the composure to not panic when prices fall and not be greedy when prices rise.

From the four-hour chart, large bullish and bearish candles alternate, creating a fluctuating pattern. The price has tested the resistance and support levels multiple times but has not been able to break through effectively, oscillating within a range and showing a slow downward trend overall. The current price is between the middle and lower bands of the Bollinger Bands, and based on this pattern, it is expected that the market will continue to oscillate in the short term, with attention on a possible rebound. Looking at the hourly chart, the Bollinger Bands are slowly contracting, and the market is operating below the middle band, with both bulls and bears continuously battling. Before a clear direction appears, the short-term trend remains oscillatory, so the subsequent trading strategy should still focus on positioning long orders at lower levels.

Wednesday's trading suggestions:

- Bitcoin: Position long orders in the 117800-118300 range, aiming for a target of 121000

- Ethereum: Position long orders in the 3650-3680 range, aiming for a target of 3800#RWA热潮 #BNB创新高 #NFT板块领涨 #山寨季來了？ #稳定币监管风暴