On Wednesday, the trend rose after a correction or a short pin, and the market trend was exactly in line with my prediction. After the bearish strategy was proposed in the morning, the currency value followed expectations and rose strongly to the key level of 64800 before falling. Bitcoin hit the lowest level of 63243. Ethereum fell from the high point of 2673 to the current level of 2598. All the bearish ideas in the morning were verified.

From the technical structure, although the daily line closed positive in the morning, the bullish momentum failed to continue, and it quickly fell after hitting the high of 64846. The KDJ indicator hovered in the oversold area, and tried to probe downward many times but did not show a deep correction, showing the resilience of the market. Although MACD remained high, the volume shrank, indicating that the bearish force was ready to go. Therefore, the midnight operation strategy still tends to short after the rebound and seize the market correction opportunity.

Operation suggestions

Bitcoin can be shorted around 64000-63800 at midnight, with the target at 63000-62500

Ethereum can be shorted around 2650-2630, with the target at 2550.

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