On Wednesday morning, the Bitcoin market exhibited a volatile downward trend, with the price first dipping from the morning high of 112330 to a low of 110306 before halting. The Ethereum market, on the other hand, gradually rebounded after falling to a low of 4538 in the morning, reaching a peak of 4643 by noon. Yang Jie also took advantage of this fluctuating market trend to establish short positions in both Bitcoin and Ethereum during the midday session, achieving the expected results. The short positions in Bitcoin and Ethereum were initially entered at 111600 and 4631, and exited at 110461 and 4562 respectively, with Bitcoin short positions gaining a 1140-point space and Ethereum short positions gaining a 69-point space.

According to the four-hour cycle chart analysis: After a rebound of two consecutive bullish days, the market faced bearish pressure and recorded two consecutive bearish candles, with the price clearly constrained by the middle band of the Bollinger Bands. Considering the unchanged overall downward trend recently, and the fact that the bulls' multiple rebounds have failed to form effective breakouts, this indicates that the market's downward trend is likely to continue. One-hour cycle chart analysis: The market broke below the middle band of the Bollinger Bands with three consecutive bearish candles, confirming that short-term downward momentum has been initiated and bears are beginning to increase their volume. The operational suggestion is to maintain the main idea of shorting on rallies.

Bitcoin: Establish short positions in the range of 111500-112000, targeting near 108000

Ethereum: Establish short positions near 4650, targeting near 4450 #ETH走势分析 $BTC