Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Strategy

Before the market starts, it inevitably goes through several rounds of brutal washouts and false breakouts, but it is precisely these agonizing fluctuations that accumulate enough momentum for the subsequent strong breakout. Looking back at the midnight market, during yesterday's midnight session, the Bitcoin price first declined to around the low point of 119172 and stabilized, then entered a mode of fluctuating recovery, briefly touching the high point of 120324 before being pressured and falling back. Meanwhile, Ethereum continued to perform strongly, starting a unilateral upward trend during the late-night session, with the price soaring until it reached a high of 4637 before finally pausing.

From the four-hour level, after a brief correction, the market is gradually repairing upwards, with the price steadily approaching the upper Bollinger Band. The Bollinger Band channel shows a stable upward trend, and the KDJ indicator has formed a golden cross with its three lines continuously diverging upwards. As the correction amplitude gradually narrows, the bulls have not only recovered most of the previous declines but have also regained control of the market. Observing from the one-hour level, although the price encountered resistance and fell back after making three consecutive upward rebounds, the correction amplitude is significantly smaller than the previous upward momentum. The MACD indicator maintains a stable upward trend after a dual-line golden cross, with the fast and slow lines continuing to widen, indicating that the current correction is merely a technical adjustment with limited downward space. Therefore, in the morning trading strategy, Huige suggests continuing to maintain the idea of buying on dips, patiently waiting for low-entry opportunities.

Buy Bitcoin around 119600 Target 112555-113000

Buy Ethereum around 4580 Target 4650#ETH突破4400