Wednesday: Overnight weakness continues, expect correction before a surge.

Over the past two days of this week, the market has been consistent with our expectations, and our swing high of 113,800 has been perfectly captured as expected. Since yesterday, the market has remained weak and has not seen any recovery. Looking at the morning session, there is still some consolidation needed.

Technically, on the four-hour chart, prices are under pressure from the middle line and are gradually declining. After three consecutive declines, the market is currently fluctuating around the bottom and has not continued its bearish trend. Furthermore, the volume adjustment and reduction suggest a certain downward trend and recovery in the short term.

On the one-hour chart, the price entered a correction phase after a short-term plunge under pressure, but failed to break through the downward channel. Trading volume also gradually decreased, failing to achieve a strong performance. The moving average's detour provided a degree of support.

Today, we will focus on a correction, going long at low levels. If upward movement is blocked, we will short at higher levels.

For trading, I recommend buying in the 112,300-112,800 range, with an eye on the 113,800-114,300,$BTC #加密市场回调 #俄乌冲突即将结束？ #BitDigital转型