Wednesday Evening Analysis and Operation Suggestions:

From the technical indicators analysis, the MACD histogram shows positive values on the current hourly chart; however, both the DIF line and the DEA line are below the zero axis, indicating a negative state, and their values are very close to each other. This situation suggests that there is some rebound momentum for Bitcoin in the short term. However, judging from the overall trend, the bearish forces still dominate.

In addition, in the EMA moving average system, the three moving averages currently show a bearish arrangement. It is particularly noteworthy that the 120-period EMA moving average is far above the current Bitcoin price, which further visually indicates that the market is under the control of bears.

Operation Suggestions:

Short Bitcoin near the 90000-89500 range during rebounds, with a target around 88000-87000.

Short Ethereum near the 2580-2530 range during rebounds, with a target around 2400-2450.