In the crypto world, seeing opportunities is vision, seizing opportunities is ability, do not hesitate, do not miss, opportunities do not wait for anyone, people must chase opportunities. On Wednesday morning, there was a bullish rebound, but the overall strength of the rebound remained weak. Bitcoin started to rebound from the morning level of 104,143, peaking at 105,500 during noon before facing resistance. Ethereum rebounded from the morning low of 2,491 and has now recovered to a maximum of 2,545, but is again facing downward pressure. In the morning, the old high controlled the rebound momentum and arranged for a short-term long position, recommending to enter Bitcoin around 104,200 and Ethereum around 2,496. In the afternoon, Bitcoin's long position gained 1,200 points, while Ethereum's long position gained 45 points.
The four-hour level experienced a continuous drop that disrupted the bullish rebound rhythm from the beginning of the week. While it did not continue, the pullback formed a continuation. After a simple rebound, the market weakened again, but the movement was still one step back for every step forward, and the midnight bearish trend deepened the adjustment. Today, as the continuous rebound caused bullish momentum to weaken again, the midline of the daily level and the midline of the four-hour level serve as strong and weak dividing lines. In the short term, within a small range, this has formed a clear suppression on the bulls. As the current bullish rebound gradually weakens, there has also been a correction in the midnight sharp drop bearish trend. In the future, attention should be paid to the recovery situation at 106,000. Below this position, the trend remains bearish.
Operational Suggestions:
In the afternoon and evening of Wednesday, Bitcoin can be shorted near 105,500, with the target first focusing on 104,000-103,300.
Ethereum can be shorted near 2,550, with the target focusing on 2,450.
