Reviewing the morning market, Bitcoin and Ethereum fell back and then rebounded, with Bitcoin dropping to a low of 112500 and Ethereum to 4060. The midday rebound was corrective, with Bitcoin rebounding to around 113700 but continuing to show weakness, indicating that the rebound is diminishing and bears may continue. Those who followed the morning strategy can add positions, waiting for the market to drop.
On the four-hour level, Bitcoin rebounded from the bottom but with insufficient strength, momentum is waning, and upper resistance is suppressing the price center's downward shift. The technical aspect shows a bearish bar, with the MACD fast and slow lines pressing down, reinforcing the bears' dominance in pushing the market down. In the afternoon, continue the morning strategy, primarily focusing on shorting during the rebound and entering near resistance.
Wednesday afternoon trading suggestions:
Bitcoin: Short in the range of 113700-114000, target 112000
Ethereum: Short in the range of 4180-4210, target 4000
