Wednesday Evening Thoughts
From the 4-hour candlestick pattern observation, Bitcoin prices rely on a continuously rising bottom support, consistently refreshing stage highs, and intraday reaching the critical level of 108,000. It is worth noting that each surge is accompanied by longer upper shadows, and the candlestick bodies are gradually narrowing, indicating a significant increase in selling pressure above. In the context of the Federal Reserve's monetary policy lacking clear signals, market long-short battles have intensified, and caution is needed regarding the risks of main capital washing and sudden sell-offs.
Operating Suggestions:
Short Bitcoin near 108000-108500, target
105000-104000
