The financial market is in turmoil on Wednesday; trading requires caution.
Today, the financial market is unpredictable, influenced by changes in the global economic landscape, with significant fluctuations. Every slight movement stirs emotions. In such an unstable situation, investors must respond carefully, especially remembering: Wednesdays are highly volatile, so do not blindly chase a one-sided trend.
When the market swings back and forth, chasing a one-sided trend can easily lead to impulsive decisions and repeated mistakes. Just like Bitcoin, with frequent spikes and repeated shakeouts, its movements are unpredictable, highlighting the market's volatility.
Bitcoin saw a strong rally in the early session, touching the 96700 area. The more this happens, the more cautious trading decisions need to be. Currently, there are constant negative news, casting a shadow over the market, but the operational strategy remains: closely monitor resistance levels and short on rallies; wait for retracements to support levels before looking to go long.
Current resistance is concentrated in the 97500 - 98500 area, with support around 93500, and the market is experiencing wide fluctuations, first dropping then rising. In light of this, it is recommended to short near 96500, with a target towards 95000 - 94000.
In summary, the current market requires investors to remain vigilant and analyze calmly. Please note that the above suggestions are for reference only, and trading must adapt to real-time movements.