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

Reviewing the morning's performance, Bitcoin surged to a high of 87384 points before entering a period of consolidation, with the afternoon dipping to a low of 86159 before re-entering a consolidation phase. In the evening, the market initiated a strong upward trend, reaching a peak of 91253, successfully surpassing yesterday's high. Ethereum rose to a daily high of 2825 in the morning but maintained a fluctuating trend, later falling back to around 2780 to stabilize, and subsequently continued to rise, peaking at 3026 in the evening. Throughout the day, Bitcoin implemented a strategy of two long and two short positions, accumulating a profit space of over 6200 points, while Ethereum achieved a profit of 210 points, with overall performance still impressive.

From the four-hour chart perspective, the price surged to 91253 but faced resistance near the upper Bollinger Band at 91200, currently fluctuating between the upper and middle bands, with the Bollinger Bands not showing a significant opening, and bullish momentum appearing to be weakening. Resistance from the upper band continues to be effective, and since the price could not hold the high after the surge, there is a need for a pullback. If the price breaks below the middle band support, bearish momentum may gradually release, likely approaching the lower Bollinger Band. Short-term bearish signals are gradually emerging, with the one-hour Bollinger Band trend flattening, the price running above the middle band but close to the upper band facing obstacles, and the distance between the upper and lower bands narrowing, presenting a fluctuating pattern, with the risk of a breakout increasing after consolidation. The short-term rebound has not spurred an upward opening of the Bollinger Bands, and the hourly line has repeatedly tested the upper band without success. If there is no strength to break through the upper band resistance, it is likely to test the middle band support downwards. Once the middle band is lost, the bears may dominate the market and push towards the lower band, increasing the probability of bearishness after short-term fluctuations. At five in the morning, there was also a suggestion for a high short position.

Trading suggestions:

Bitcoin: Short near 92500-92000, target down to 90000

Ethereum: Short near 3030-3000, target down to 2920-2900$ETH