Wednesday, another new day, good morning!

Yesterday Bitcoin 86066938943

The market stopped after retracing to the 93300 line, and overnight it rebounded with fluctuations, reaching the 95800 line in the morning. The strength of the rebound correction slightly exceeded our expectations. We often suggest shorting at high points of the rebound, with a target of 92800. Since the market did not continue its downward movement to explore lower levels, it is likely to enter a range-bound oscillation pattern in the short term.

Currently, on the daily chart, the candlesticks have been closing with small gains consecutively, and the bears have not formed a continuation due to support from the middle track. The support below remains relatively obvious. Meanwhile, on the 4-hour level, BOLL is showing signs of flattening, with the upper and lower track range in the 96500-93000 area. If there is no breakthrough in the short term, it is highly likely to oscillate and consolidate within this range, forming a new oscillation area. Considering the current price is at the upper edge of the range, we still recommend trying short positions first unless a new breakthrough is formed and stabilized. Otherwise, to avoid missing out, it's best not to chase at high positions. Recently, major institutions have been frequently buying, which is a common tactic of pushing prices up to sell off! It is very easy to incur losses with a short-term bullish view; only after a deep sell-off will there be a significant rebound. Now, it only requires a reason and an opportunity to trigger a sell-off! Therefore, we still consider layouts for shorting on rebounds in the short term!

On Wednesday morning, aggressive traders can short near the current price of 96000 directly, with a stop-loss above 96500, and pay attention to the 93000 area below. If it retraces and stops, re-enter short to look for a rebound. As for Ethereum, there hasn't been much change, with resistance still present in the 1830-1850 area. In the morning, continue to reference this area for shorting, while still focusing on the 1700-1730 area below.