The Wednesday market action has come to an end, and it was another day where the intraday market was fully grasped. Let's briefly review yesterday's market fluctuations; starting from early yesterday morning, we continued the bullish sentiment from the previous evening, and the mid to long-term positions directly welcomed a wave of 2691 points in space. Then, we continued to look for an upward continuation, with Bitcoin (大饼) once again reaching a high of around 97700. The Bitcoin long positions once again captured 1096 points in space. At this point, it was already mentioned in the morning that after Bitcoin's rise, there would definitely be a pullback, and one could appropriately choose to enter short at higher positions. Such market conditions must not be missed; the strategy around shorting from a high position was again successfully executed with Bitcoin. In the afternoon, we welcomed another wave, and Bitcoin's short positions gained another 1153 points in space. From then on, there wasn't much more to say about the subsequent market. The short-term movements consistently revolved around the 97000 mark, oscillating without a continuation. All the significant movements basically occurred in the morning. Our positions were also met with great success once again. The market is not difficult to trade, as the data has always been present; there are no posts that don't provide real-time strategy analysis and direction in advance. I believe that as long as you participate based on my strategy, there will be considerable gains. The entirety of Wednesday morning's market movements was not the main reason for the lack of volatility during the day; we focused on the timing of the upcoming news release, which is set for 2-3 AM. It is worth mentioning that in the afternoon and evening, we maintained the strategy of entering short at high positions. Bitcoin's evening rebound peaked at around 97446, and currently, it has dropped to around 96458. This wave of bearish trend has still provided nearly a thousand points of fluctuation. We patiently hold onto our positions, continuing to watch for further lows in the market. Of course, the news release will also have a certain impact on the market, and all operations will primarily rely on actual market conditions. Let’s look forward to it together.
Bitcoin can be shorted in the range of 97000-97500, targeting around 95000; Ethereum can be shorted in the range of 1810-1840, targeting around 1720.