Wednesday Morning Bitcoin and Ethereum Analysis and Trading Suggestions

$BTC $ETH Reviewing yesterday, Bitcoin surged strongly from around 90244 in the evening to a high of 94555, then retraced to around 92000 for consolidation, while Ethereum rebounded to a high of 3397 and then retraced to around 3300 in sync with Bitcoin.

Based on the analysis of the 4-hour chart, the price has entered a slow retracement phase after a round of gains; this is a healthy technical correction that helps digest short-term profits and solidify support below, providing energy for future trends. From the Bollinger Bands perspective, the channel is in an opening state, the middle band is sloping upwards, and the price consistently operates near the upper band, indicating that the current bullish trend remains solid. This pattern typically suggests increased volatility and strong trend continuation, with prices likely to extend upward along the upper band. In terms of resistance, there are no obvious technical structures or dense trading areas above to impede, implying that the resistance to further upward movement is small, favoring a bullish environment. If subsequent volume cooperates moderately, prices are expected to continue a fluctuating upward trend.

In terms of operation, it is recommended to maintain a primarily bullish low-position strategy. Attention can be given to signs of stabilization when retracing to the middle band or short-term support areas, gradually placing long orders. At the same time, it is important to pay attention to position management and set reasonable stop-losses below key support levels to guard against unexpected structural changes in the market.