(1.8 Wednesday Morning Trend Analysis)

Yesterday, after the US stock market opened, Tesla led all related stocks to decline, and the cryptocurrency market experienced a significant pullback due to its influence, resembling a rollercoaster market. The main players took the opportunity to conduct a severe washout, and both bulls and bears lamented across the entire market. Bitcoin fell from around 102700 to about 96100, currently fluctuating around 96800.

In the current market situation, prices are tightly fluctuating between the upper and middle bands of the daily chart, presenting a clear range-bound oscillation pattern. In this state, prices are frequently moving up and down. The day before yesterday, the market was cleared out by short selling, while today it has turned into a long position explosion. This cycle continues, consistently cleaning up the chips in the market. If the price cannot effectively break below the critical area of 96000 in the short term, then from a high probability perspective, the market will likely experience a rebound.

In summary, He Yang suggests:

Bitcoin: Buy around 96500, Target 98000

Ethereum: Buy around 3350, Target 3450#BTC重返10万 #本轮牛市周期预期 #微策略持续增持BTC #币安MegadropSOLV #币安Alpha上新 $BTC $ETH