10.30 Wednesday Afternoon Trading Suggestions

In the early morning, Bitcoin once again tested the previous high but failed, with the highest price reaching the 73600 area before facing resistance and pulling back. It is currently back to the 72400 line, and after providing a low-buy strategy in the morning, it has risen. Currently, the bullish sentiment is strong, and the pullback is merely a sign of a false breakout, so we just need to continue to look for a bullish breakthrough to new highs.

10.30 Wednesday Afternoon Analysis

From the daily chart, the overall structure still leans towards strength. The K-line is rising steadily. Moreover, the continuity is strong; in the short term, it is also testing the previous strong resistance area without success, which forms a pullback. Therefore, the previous high still presents a certain pressure, and the upward momentum is insufficient. In the short term, we need a pullback to build strength to break the high. The trend on the 4-hour chart is clearly bullish, with a strong bullish atmosphere and consecutive daily gains. The current pullback is just a normal correction method; hence, we can just look for bullish opportunities during the pullback!

10.30 Wednesday Afternoon Trading Suggestions

For Bitcoin, it is recommended to look for buys around 72100-71500, targeting the 73000-74000 area, with a stop-loss of 800 points.

For Ethereum, it is recommended to look for buys around 2650-2620, targeting the 2700-2780 area, with a stop-loss of 30 points.

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