Wednesday morning BTC and Ethereum market

Giving up halfway is the biggest failure. Since we have set a goal, we should stick to it from start to finish. Currently, Bitcoin is hovering around the 103,500 mark, having pulled back from the early morning high of around 105,000. This indicates that breaking through key resistance levels has certain difficulties, but the pullback is not a sign of fear; it is preparation for the next surge. Adequate preparation leads to higher gains. Ethereum follows the same pattern, pulling back from the early morning high of around 2,730 to the current level of around 2,640.

The four-hour chart shows that the market has stabilized above the middle track, with the lower track forming a bottoming pattern. The upper Bollinger Band is extending upwards, suggesting that breakout momentum is continuously accumulating. In terms of operations, it is recommended to maintain a low long strategy, pay attention to the effectiveness of the middle track support, and set reasonable stop-losses to cope with potential fluctuations.

Bitcoin near 103,000, target 105,000

Ethereum near 2,620, target 2,700