Wednesday Morning Trading Suggestions

The current market trend is generally weak, and the market has entered a noticeable adjustment phase. The daily chart shows that the K-line continues to operate in the lower Bollinger Band area, with the market space gradually opening up, and the lower band continuing to extend downward, indicating a strengthening bearish trend. In the four-hour cycle, the three Bollinger Bands are synchronously moving downward, with bearish sentiment being quite pronounced. After a rebound to the middle band, prices faced pressure and fell back, with short-term upward momentum clearly insufficient, and it is expected that the downward trend will continue.

Regarding Ethereum, the bearish pattern is more obvious, with the rebound strength consistently weak, and the key level of 3000 has not been effectively breached. Bearish sentiment dominates the market and is stabilizing. In future operations, the strategy of shorting on rallies can be maintained, considering re-establishing short positions after a rebound to the resistance area.

Trading Reference:

When Bitcoin rebounds to the -88000 range, short positions can be attempted, targeting around 86000;

For Ethereum, a rebound to the 3000 to 3020 range can be considered for short positions, targeting around 2870 $BTC #巨鲸动向