Analysis of Big Pancakes and Ethereum on Wednesday Morning & Market Summary on Tuesday
Opportunities often arise in the gaps woven between market clamor and skepticism. True investment wisdom lies not in chasing every price fluctuation, but in possessing the insight to see through the fog, foreseeing the direction of the next wave before others are aware.
Review of yesterday's market: Bitcoin rebounded strongly from a low of 85,073, reaching a high of 88,143; Ethereum also rebounded from the 2,870 line, rising to around 2,982, with its movement highly correlated to Bitcoin.
In terms of intraday strategy, we suggested a high-position shorting approach in the 87,800–87,300 range, successfully capturing several bearish market waves before taking timely profits. In actual trading, Bitcoin achieved a daily gain of 2,899 points, while Ethereum also gained a smooth 110 points, showing significant execution effectiveness.
Currently, the overall market momentum is tending to weaken, making it difficult for prices to break through key resistance levels. From the observation of technical indicators, the MACD histogram has ended its previous expansion state and has turned to a contracting downtrend; the DIF line and DEA line have shifted from a golden cross to a death cross, indicating that while bearish momentum has not been fully released, the dominant force in the market has quietly shifted. It is worth noting that the green histogram has shown slight contraction signs, which typically suggests that after continuous declines, there may be technical corrections or consolidation in the short term, and future trades can still focus on shorting around rebound setups.
Trading Suggestions:
● Bitcoin: It is recommended to lay short positions in the 88,500–88,000 range, with a target towards 86,000–85,500;
● Ethereum: It is recommended to lay short positions in the 2,970–2,950 range, with a target towards 2,860. $BTC
