Wednesday Thought Analysis
According to the current market situation, the 4-hour chart shows that Bitcoin is oscillating between the upper and lower bands of the Bollinger Bands, with prices fluctuating sideways, and both bulls and bears are in a stalemate with no clear breakout signals. The morning rebound failed to break through the key resistance, and the current price has turned into a weak adjustment. The downward trend has slightly slowed, entering an energy accumulation phase. The volatility in the smaller cycles continues to narrow, forming a triangular convergence. Although both bulls and bears have trading opportunities in the short term, the daily line has once again closed with a decline, and the short-term bearish advantage is more evident. Therefore, it is recommended to pay attention to the breakout situation at the lower channel track. If this position is broken, one should follow the bearish trend; if there is a rebound at the support level, wait for the price to rise to the middle track before positioning for long positions.
**Trading Suggestions:**
- Bitcoin: Currently around 113500, target looking towards 114500-115000.
- Ethereum: Currently around 3560, target looking towards 3650-3700.
