Bitcoin experienced a washout this week, with fluctuations of ten thousand points, and the number of global liquidations has increased. For such a trend, one can only say that risk control is paramount.

Wednesday morning Bitcoin and Ethereum market analysis and trading suggestions

From the daily structure observation, the market has experienced a continuous four-day pullback before showing a strong upward rebound with increasing volume. The price not only recovers most of the previous decline but also successfully breaks through the middle Bollinger Band pressure, currently stabilizing above the key support area. In terms of technical indicators, after the MACD golden cross formation, it continues to expand upwards, while KDJ and RSI extend upwards in sync, and trading volume shows signs of bullish momentum, indicating that market sentiment is gradually warming up.

The four-hour level maintains a strong upward structure, and the bullish trend remains clear. Although the price has currently entered a short-term consolidation phase, the overall direction remains predominantly bullish; if a technical pullback occurs, it can be viewed as a power accumulation phase for the bullish structure, which does not change the subsequent upward momentum.

The trading idea can focus on low buying opportunities after a pullback, with a more prudent entry when the key support range stabilizes.

Trading suggestions:
Bitcoin buy in the range of 90800-91300, target 93000
Ethereum buy in the range of 2950-2970, target 3500
#加密市场回调