Market analysis for Wednesday morning: #美国终止政府停摆危机 $BTC 01928374665674839201

Overnight, Bitcoin dropped from 103694 to around 102400, while Ethereum also fell from 3499 to 3403. The setup yesterday was quite good, with Bitcoin gaining and losing over 7800 points, and Ethereum also earning over 370 points.

Take a look at the current market: the four-hour chart shows two consecutive bearish candles moving downwards, and the price has already entered a downtrend channel. The bearish momentum is quite strong this time, and it seems like it can continue. The bulls currently have little ability to fight back. Overall, it's a weak situation.

Looking at the hourly chart again, although there was a small rebound after three consecutive bearish candles, the strength is clearly insufficient. This kind of pullback resembles a breather during a downtrend, merely a technical rebound; it is highly likely to continue downward afterwards. All MACD indicators are operating below the zero line, and the signals are very clear.

So the morning strategy is still to wait for a rebound and then look for a high point to short:

Pancake strategy: Consider entering a short position near 103500, looking at the 102000-101500 range.

Ethereum Strategy: Short position near 3490, target 3370-3320

When the market is weak, going with the trend is always the first principle. Manage risks well and set strict stop-losses.