Wednesday Bitcoin and Ethereum Market Analysis and Trading Guide

1. Technical Interpretation

Daily Level: Both Bitcoin and Ethereum have formed a medium bullish candle at the daily level, establishing a certain positive tone for the market.

Four-Hour Level: The Bollinger Bands show a slight opening, with the candlestick hovering below the upper band, and the MACD indicator's dual lines are moving upward.

However, the bullish momentum bars are showing a decrease in volume, indicating that the upward momentum is starting to converge.

One-Hour Perspective: At this moment, the Bollinger Bands have clearly opened, with the candlestick above the middle band, but the MACD dual lines have turned downward, and the bearish momentum bars are entering a growth phase, indicating that short-term bearish strength is accumulating.

2. Practical Suggestions

Bitcoin: For today's market during the day, it is recommended to adopt a strategy of short selling on rebounds while also considering long positions on corrections.

If the price falls into the 96000 - 96500 range, consider entering a long position, with a profit target set at 99000; meanwhile, when the price rises to around 98500 - 99000, it is suitable to plan short selling, targeting 97000.

Ethereum: When the price is near 3450 - 3430, you can decisively take a long position, with a profit target set at 3550;

If the price reaches around 3520 - 3550, you can start short selling, with a target price of 3400.

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