In the cryptocurrency world, we not only need to have keen market insight but also the courage to take decisive action. Only when we analyze the market with wisdom and seize opportunities with courage can we stand undefeated in this ever-changing market and achieve our own brilliance. On Wednesday, Bitcoin's market was influenced by news in the early morning, with prices reaching a high point of 94142, followed by a slight pullback, currently oscillating around 93000. Ethereum also stretched in sync with Bitcoin, with prices hitting a morning high of 1788. In the early hours, Brother Sheng's positions in Bitcoin and Ethereum long orders were successfully executed as expected this morning. The Bitcoin long order was entered around 90795 and exited near 93760, yielding a profit of 3000 points. The Ethereum long order was entered around 1688 and exited near 1779, yielding a profit of 91 points.
Based on the current market situation, the four-hour level shows that after a series of upward movements breaking through the upper Bollinger Band, prices have come under pressure, and the current price is in the process of correction. However, the overall trend remains within an upward channel, so the current pullback can be seen as a corrective adjustment during the upward process. From the one-hour level, the market has retreated below the upper Bollinger Band, but the Bollinger Band is opening upwards, with various indicators showing a bullish trend. Therefore, from morning to noon, we can focus on the strength of the pullback and adopt a buying strategy at lower levels.
Bitcoin can be bought around 91500-92000, with a target of 94000.
Ethereum can be bought around 1720, with a target of 1800#BTC .