After Wednesday's market has finished, many people start to regret only when they see us reaping a bountiful harvest. The market has daily fluctuations, but not everyone can catch the rhythm. Many people always think about waiting and watching, and as a result, opportunities slip away before their eyes. What the cryptocurrency circle fears the most is not the lack of opportunities, but the repeated hesitation. While you are observing, we have already secured our gains; while you are still entangled, we have already firmly taken our profits. The market does not wait for anyone, the rhythm does not wait for anyone. With Old Cai at the helm, take fewer detours to move steadily forward.
Wednesday's actual analysis: The first level Bitcoin stabilized above 103500, with a total gain of 1245 points, and the oil price at 37350; the second level Bitcoin took a short position with a gain of 2043 points, and the oil price at 61293; after a price rebound, we re-entered the high position to gain 1003 points, with the oil price at 30099.
From the current market structure, although Bitcoin has had a brief rebound after a continuous decline, it still remains in a clear bearish rhythm overall. On the 4-hour level, after two consecutive bearish candles, a small bullish candle with reduced volume appeared, but the volume has not effectively increased, and the rebound strength is relatively weak, more of a technical repair after a decline. The lower band of the Bollinger Bands is still opening downward, with the middle band forming resistance around 103000. If there is a rebound to the 102500–103000 area and it does not break through, the downward trend will continue. The MACD bearish momentum has not converged, and the RSI has not formed an effective reversal signal after becoming dull at a low level, indicating insufficient bullish momentum. Overall, this rebound seems more like a trap to attract bulls for further downward probing towards the 100000 or even 99800 area. In the short term, it is advised to focus on high short positions during rebounds, and be wary of false breakouts and bullish traps.
Bitcoin 102300–102800 short, target around 100000;
Ethereum 3450-3480 short, target around 3370. #BTC走势分析 $ETH $BTC
