Currently, at the 4-hour level of Bitcoin, the previous bearish structure has been broken due to the emergence of strong bullish candles. The middle band of the Bollinger Bands has gradually shifted from a downward trend to a flat position, and there are signs of a turn upwards. Although the volume has not yet continued to shrink, there is a demand for a short-term pullback correction, so it is not recommended to rush into the market. Subsequently, it is important to observe the support confirmation situation after a breakout; if it stabilizes, then consider bullish positioning.

On Wednesday morning, an analysis of Bitcoin and Ethereum market trends and a daily summary

In the evening, Bitcoin and Ethereum moved upwards in sync, with Bitcoin briefly reaching a high of $92,253, while Ethereum rose to around $3,034. In the afternoon analysis, it was indicated that the current structure still leans towards a pullback for accumulation; the rise is the result, while the pullback is the process—solid processes lead to sustained results. Currently, the trend continues to oscillate within a range; although today’s rise was quite noticeable, it has not deviated from the oscillation pattern. Our afternoon strategy based on the pullback layout has been validated, entering long positions for Bitcoin around 86,400, and taking profits near 91,000 in the evening, yielding approximately 4,600 points; for Ethereum, entering long positions from 2,815, reaching the 3,000 mark in the evening, yielding about 185 points. The recent rhythm has been repetitive, and positions need to maintain patience to avoid being swept out by frequent operations due to oscillation.

From a technical structure perspective, we are still in the range oscillation phase; today’s rise has not altered the overall oscillation shape. Strong trends are usually accompanied by shallow adjustments, while deep pullbacks can easily disrupt the structure. In the evening, a pullback is still anticipated, so long positions need to wait for suitable positions. The strategy can first follow the trend with light positions in long trades; if the market continues to rise in the early morning, attention can be paid to pullback opportunities after high pressure during midnight to tomorrow.

Operation suggestions:
Focus on long positions for Bitcoin in the 90,300-90,800 range, targeting around 93,500.
Focus on long positions for Ethereum in the 2,930-2,960 range, targeting around 3,100.
#加密市场回调