$BNB 12.3 Wednesday early morning Bitcoin and Ethereum latest market analysis and trading suggestions:

Reviewing the day's early rise of the Bitcoin to 87384 points before falling into consolidation, it later dropped to a daily low of 86159 in the afternoon, subsequently entering a consolidation phase again. In the evening, the market opened with a one-sided upward trend, reaching a maximum of 91253, successfully refreshing yesterday's high. Ethereum rose to a daily high of 2825 in the morning and maintained a volatile trend, before retreating to around 2780 in the afternoon to stabilize, and then continued to rise, peaking at 3026 in the evening. The daily Bitcoin strategy involved two long and two short positions, accumulating a profit space of over 6200 points, while Ethereum secured a profit of 210 points, with overall performance still impressive.

From the four-hour chart perspective, the price peaked at 91253, facing resistance near the upper Bollinger Band at 91200 and falling back. Currently, it is oscillating between the upper and middle bands, with the Bollinger Bands not showing a significant opening, and bullish momentum has shown signs of weakness. The upper band pressure continues to be effective, and the price has not stabilized at high levels after the peak, indicating a need for a pullback. If it subsequently breaks below the middle band support, bearish momentum may gradually release, likely moving towards the lower Bollinger Band, with short-term bearish signals gradually emerging. The one-hour Bollinger Band trend is flattening, with prices running above the middle band but facing resistance near the upper band. The distance between the upper and lower bands is narrowing, presenting a volatile pattern, and the risk of breaking out after oscillation is increasing. The short-term rebound has not managed to push the Bollinger Bands to open upwards, and the hourly line has tested the upper band multiple times without success. If there is no ability to break through the upper band pressure, it is likely to test the middle band support downwards. Once the middle band is lost, the bearish trend may dominate the market, pushing down to the lower band, with the probability of bearishness increasing after short-term oscillation. Early morning five also provided a high short strategy.

Trading suggestions:

Bitcoin: Short near 92500-92000, target down to 90000, and if broken, look towards 88500

Ethereum: Short near 3030-3000, target down to 2850-2700