Wednesday afternoon thoughts

Seize market fluctuations, accurately grasp opportunities, and leverage small costs to unlock great wealth. Don't hesitate any longer; enter the market now and start your wealth legend. Together, we will ride the waves of the cryptocurrency derivatives market towards glory! On Wednesday morning, Bitcoin's market showed a strong downward trend, with prices dropping from the morning high of 93400 to a low of 89966 by midday. Ethereum's market also moved in sync with Bitcoin, with prices slightly rebounding to a high of 3125 before facing pressure and falling back, reaching a low of 2990 by midday. Brother Sheng's earlier aviation strategy unfolded as expected, while the Bitcoin short positions and Ethereum short positions were entered around 92642 and 3119 respectively, exiting around 90351 and 3025. The Bitcoin short position gained 2300 points, while the Ethereum short position gained 94 points.

According to the current market situation, the daily chart shows that after a slight rebound, the price has once again shown a retracement. Although there is still strong resistance below, the weak pattern has taken shape, indicating that the market's buying power is evidently insufficient, and the selling pressure is stronger than the support below. Therefore, the market will likely face further pressure and retest the lower points. From the four-hour level, the price quickly rebounded after testing the lower Bollinger Band support during consecutive bearish movements, forming a long lower shadow on the candlestick. The lower Bollinger Band has become a barrier to bearish movements in the short term; however, before a trend reversal occurs, it is highly probable that the market will conduct a second test. Thus, in the afternoon, we will continue to maintain a bearish outlook.

BTC: Can short around 92500, target at 90000.
ETH: Short near 3130, target at 29800 #逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察