Wednesday daytime BTC/ETH market outlook:

The Bitcoin daily chart shows a two consecutive bearish pattern, with multiple attempts to test the critical 100,000 level during the early hours. Coupled with over 470,000 liquidations and a long position ratio exceeding 90%, the market exhibits significant characteristics of systematic long liquidation. Once a trend is established, the certainty and profit potential of following the trend are far superior to counter-trend bottom fishing. In the current bearish-dominated pattern, it is essential to avoid long traps.

From a four-hour cycle perspective, the market continues to operate weakly along the lower Bollinger Band. Although there have been brief rebounds, they are merely technical corrections within the downward process, lacking strength and unable to alter the overall downward trend. After continuous pullbacks, the market needs a rebound correction to accumulate downward momentum, and such rebound markets are the best window for implementing high short strategies.

Adhering to the bearish logic, rebounds represent an entry opportunity for high shorts:

Bitcoin: It is recommended to short around 102500, targeting below 100000;

Ethereum: It is recommended to short around 3355, targeting below 3200.