Looking back at the morning market, Bitcoin and Ethereum both fell back and then showed a rebound trend. Bitcoin's market dropped to around the 112500 line, while Ethereum dropped to around the 4060 line. The afternoon market gradually showed a rebound and adjustment state. After Bitcoin's market rebounded to around the 113700 line, it did not see a more effective continuation, proving that this rebound trend is gradually coming to an end, and the bearish trend is about to continue again. Friends who have followed Zhuowei's morning thoughts can carry out a round of replenishment and wait for the market to return to the falling trend.
From the four-hour level analysis, Bitcoin shows a bottom rebound pattern, but the rebound strength has not reached an effective level, and momentum continues to weaken. A clear resistance level has formed above, which suppresses the market and pushes the price center downwards. Technical indicators show that the overall market presents a bearish candlestick chart feature, and the MACD indicator shows that the fast and slow dual lines are continuously pressing down, reinforcing the bearish trend and leading the market downwards. The afternoon operation strategy continues the morning thought, suggesting a focus on short positions based on the rebound layout, relying on the upper resistance level to grasp the timing of entry.
Wednesday afternoon operation suggestion: Bitcoin short in the 113700-114000 range, target 112000
Wednesday afternoon operation suggestion: Ethereum short in the 4180-4210 range, target 4000
