$BTC Wednesday Morning Thoughts

In the stormy waves of the cryptocurrency contract world, the heartbeat rises and falls with the price fluctuations. Every opening seems like a romantic gamble with unknown fate. The ups and downs of the market are like verses of life, full of surprises and challenges. Yesterday at midnight, the Bitcoin market showed signs of a fluctuating decline, with the price oscillating from the high point of 93799 down to the low point of 92420 before rebounding. Similarly, Ethereum's midnight market saw the price rebound to the high point of 3196 before facing pressure and falling back, nearing the morning market's lowest point of 3095. Although Brother Sheng's bearish outlook given at midnight did not reach the target position, it still provided us with good interval profits.

From the current market perspective, the four-hour level shows that the market is making a three consecutive bullish candle pattern towards the middle track of the Bollinger Bands, but the price clearly lacks momentum after a brief test above. Currently, the bullish momentum is gradually dissipating, and the market is gradually showing a retracement posture. Therefore, after this round of rebound, it is highly likely that the market will return to a downward trend. From the one-hour level, the market is exhibiting a weak oscillation pattern after experiencing a round of highs, with the price showing a tendency to approach the middle track of the Bollinger Bands. The KDJ and RSI indicators have all shown downward turning actions, and the MAC indicator's histogram is continuously shrinking above the zero axis. Thus, in the morning operations, we continue to look for continuity in the bearish decline. #加密市场回调 #美国加征关税 $ETH

BTC: Short near 93500, target at 91500

ETH: Short near 3150, target at 3000