Wednesday, looking back at yesterday's Bitcoin trend, it seems to have risen but is actually just a false alarm.
The market did not sustain an upward trend, only slightly rebounding to the 95400 level before diving down, exposing the weakening of bullish strength and indicating a reversal to a bearish trend. Additionally, the rebound strength is limited, and bullish momentum is clearly insufficient, making it highly likely that it will face downward pressure in the future. Today's main tone remains bearish despite the rebound!
From the four-hour structure, the market maintains a large range of fluctuations, likely continuing to oscillate before a trend-breaking move. Given the significant pressure at high levels, the strategy is primarily to short at high positions. Currently, the bullish rebound highs are gradually decreasing, and the oscillating lows are also moving down simultaneously, presenting an overall bearish oscillating pattern. The future trading strategy suggests maintaining a bearish outlook despite the rebound.
The morning trading strategy is as follows:
Bitcoin: Short at 94000-94500, target at 92000
Ethereum: Short at 1780-1810, target at 1700
