Morning Bitcoin and Ethereum both show a downward trend. After a midnight surge, the bullish momentum has clearly weakened. Bitcoin faced resistance at the 112300 level and fell below the 111000 mark; Ethereum is experiencing intense fluctuations with repeated washouts of both long and short positions. The team timely seized the market situation, setting up short positions after Bitcoin faced resistance at a high, achieving a profit of 1125 points; Ethereum also set up short positions for a quick trade, earning a profit of 66 points, accurately capturing the market rhythm.
Looking at the 4-hour cycle, the characteristics of a bearish trend are evident: the price quickly retreated after a surge, K-line turned from bullish to bearish, and the bearish trend has restarted and is breaking down; the bullish candlestick has a long upper shadow, indicating strong resistance above, and bulls are struggling to recover. Bitcoin slightly rebounded after reaching the 110800 level (coinciding with the midnight starting point), highlighting this level as a phase support, and future attention should be paid to the effectiveness of its breakout. From a technical perspective, the MACD fast and slow lines formed a death cross below the zero line; although there was a brief rise, it did not continue, indicating insufficient bullish momentum, and the overall indicators point to a bearish trend.
Wednesday afternoon operation suggestion:
Bitcoin: Short in the range of 112000-112500, target 110000
Ethereum: Short in the range of 4650-4680, target 4450
