On the journey through the crypto world, we may encounter countless falls and setbacks, but please remember that every low point is a prelude to a rebound. Just like the brightest star in the night sky often shines in the deepest darkness. On Wednesday morning, Bitcoin's price slightly rebounded to a high point around 109107 before facing pressure and falling back, dropping to a low point around 108273 by midday, after which the market began to rebound again. Ethereum's market followed suit, with the price dipping from a high point around 2626 to a low point around 2589 before stopping and then starting to rebound, currently reaching a high point of 2647. Brother Sheng first placed a Bitcoin short position in the morning, entering around 109035 and exiting around 108331, gaining a space of 700 points. In the afternoon, he placed a long position on Ethereum, entering around 2592 and taking profit around 2636, gaining a space of 44 points.

Based on the current market situation, the four-hour level shows that the price continues to consolidate around the middle band of the Bollinger Bands, with both bulls and bears not breaking out of a significant range. The overall market is in a notably tight state, with the operating space trapped in a relatively narrow low volatility range, and trading volume showing a continuous shrinking trend. From the one-hour level, after experiencing three consecutive bearish candles, the price has now given three consecutive bullish rebounds. The market continues to exhibit a tug-of-war correction characteristic, with the price repeatedly testing key levels, but it has not been able to gather enough strength for an effective breakout. Therefore, in the afternoon, we will still maintain a strategy of buying low and selling high.
Short Bitcoin around 109000-109300, target looking at 107500.
Sell near Ethereum 2650, target looking at 25500 19283746565674839201 #Gate VIP理财送茅台 #美加征关税 19283746565674839201 #Gate xStocks 交易体验