The market has its ups and downs, and this is a perfectly normal pattern. Remember, each pullback is to build momentum for the next stronger rise. Stay calm, analyze rationally, and do not let emotions influence your decisions. The Bitcoin market showed a downward trend around midnight on Wednesday, with prices falling from last night's high of 110350 down to the morning's low of 108001. Ethereum is similar, as the market gradually declined from last night's high of 2882 to the approaching low of 2745.
Based on the current market situation, the four-hour level shows a two consecutive bearish trend approaching the middle band of the Bollinger Bands before slowing down, with prices clearly showing signs of a stop in decline. The middle band of the Bollinger Bands continues to rise. Although the MACD indicator has entered the negative zone, the DIF and DEA lines have not broken down below the 0 axis, which increases the expectation of bullish momentum pushing prices to rebound. From the one-hour level, the market broke through the lower band of the Bollinger Bands with consecutive bearish candles, but the key support below remains strong, preventing a continuous breakdown from the bearish momentum. The bearish candle body has a long lower shadow, and the KDJ indicator's three lines have shown signs of turning upwards after entering the oversold zone, indicating that I will adopt a bullish approach for morning operations.
For Bitcoin, around 108000 targeting 110000
For Ethereum, around 2750 targeting 2850
