On Wednesday, BTC and ETH Fang's morning point analysis


Currently, the air transport situation is quite turbulent, and the U.S. stocks opened lower after a strong start yesterday, briefly rising to 85000 before falling back to 81500 under pressure. Overnight, with support from below, the bulls launched a strong counterattack, reaching a high of around 89000, and then entering a high-level oscillation and consolidation.
From a technical perspective, on the four-hour timeframe, the large bullish candle broke through the short-term downtrend line, and the price rebounded to near the middle track where it faced resistance, indicating a short-term demand for a pullback; on the one-hour timeframe, after experiencing a series of bullish movements, the price broke through the upper Bollinger band, followed by a single bearish retracement, and the price began to stabilize near the upper band. However, the upper resistance remains significant, so a pullback after the rebound is inevitable, making it advisable to maintain a predominant short position for short-term operations.
Morning suggestion
BTC: Short near 87800-88300, target focus on 85000-82000
Ethereum: Short near 2220-2200, target near 2000
The most successful people in the world know that even if they are penniless, if they can see the trend and seize the opportunity, they can still soar to great heights.
#美国加征关税 Cryptocurrency market pullback #BNBChainMeme热潮 U.S. cryptocurrency strategic reserve #SEC: Meme coin not a security $BTC $ETH
#BTC #ETH #GateioInto11
PI-0.58%
BTC0.64%
ETH0.71%
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