Wednesday Afternoon Silk Road:
Yesterday, the price comparison surged to around 102700 before forming a trend of oscillating pullback. In the evening, a strong waterfall hit, and the price comparison dropped to a low of 96153. Ethereum touched the 3700 line in the morning yesterday, and the dip in the evening and midnight formed a strong continuation. Currently, Ethereum has reached a low of 3353. The market has not continued the bearish trend as expected but has temporarily shifted to a range-bound oscillation, stabilizing its position. During this period, the fluctuations of Bitcoin no longer show a clear downward trend but oscillate within a certain price range, leading the market into a relatively stable oscillation phase.
From the current perspective, after seven consecutive daily gains, the daily level is under pressure at the upper track. A significant bearish adjustment touched the middle track support and bounced back. The middle track serves as the lifeline for bulls; as long as this level holds, there can still be a bullish rebound in the short cycle. A single day's adjustment in space cannot change the overall bullish upward trend. The afternoon market conditions look better for the old man Yu.
Wednesday Afternoon Operation Suggestions:
Bitcoin: Buy around 96500, target 98500
Ethereum: Buy around 3365, target 3500
