$BTC 11.5 Wednesday's Bitcoin and Ethereum Latest Market Real-Time Analysis and Trading Suggestions:

It is simply a celebration for the bears. Looking back at the morning, Bitcoin and Ethereum are both under pressure and declining. Bitcoin continues its downward trend from the early morning, starting the decline from a high point of 101864, currently reaching a low of 98913. Ethereum's price movement is highly correlated with Bitcoin, falling back from a high of 3303, and currently touching a low of 3164. In the morning, Qianyu maintained a bearish outlook, leading students to short Bitcoin and capturing over 2600 points of space, while Ethereum simultaneously captured over 120 points of space!

From the current market situation, Bitcoin's daily chart indicates two consecutive bearish candles, with a clear bearish trend. During the early hours, it repeatedly tested the critical level of 100,000, highlighting the characteristics of systematic long liquidation. Observing the four-hour cycle, the price continues to weakly decline along the lower Bollinger Band, with brief rebounds merely serving as technical corrections during the downtrend, with weak rebound strength and lack of sustainability, unable to reverse the overall downward trend. After continuous pullbacks, the market needs to build bearish momentum through rebounds, and such weak rebounds are precisely the best window period for deploying bearish strategies, allowing entry based on key resistance levels. Qianyu still provides a bearish outlook for the day!

Wednesday's Day Trading Outlook:

Bitcoin: Short at 102000, targeting below 100000

Ethereum: Short at 3300-3340, targeting below 3200