On Wednesday afternoon, Bitcoin continued its upward trend, rising from a midday low of 118,913 to a high of 120,704. Ethereum retreated to a low of 4,607 in the afternoon before rebounding, reaching a high of 4,714 in the evening. It's worth noting that Yang Jie's long Bitcoin positions, which he had established in the morning, and his long Ethereum positions, which he entered at 4,622 in the afternoon, both saw profit-taking near 4,709, with the Ethereum long position gaining 87 points.

From the perspective of market performance, on the four-hour chart, the market has slowed after two consecutive positive rebounds. While prices have retreated, the trend is not particularly strong. While upward movements are often accompanied by pullbacks, the overall trend remains volatile and strong. On the one-hour chart, the market is experiencing a correction after six consecutive positive surges. The long upper shadows at the top of the bullish bars reflect selling pressure from above, putting some pressure on the continuation of the bullish trend. However, a brief technical correction is expected in the evening before a rebound.

On Wednesday evening, we recommend placing long positions on Bitcoin around 119,500, with a target of 121,500.

On Wednesday evening, we recommend placing long positions on Ethereum around 4,680, with a target of 4,800. #以太坊创历史新高倒计时