12.4 Morning Ideas by Lao Hu

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The overall market situation presents the characteristics of probing highs but not breaking through, and rebounding after probing lows. Both long and short sides have engaged in fierce tug-of-war within a small range. Looking at the daily chart of BTC, the price rebounded after probing lower, forming a relatively long Lower Shadow. The opening continued the downward trend, reaching a low of 94395, and then trading hours initiated a rebound correction, closing near the neutral price level. After-hours fell again, but then stabilized and rebounded, finally oscillating and consolidating near the middle rail. After continuous declines, there is a partial demand for correction.
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Wednesday operation strategy suggestion:
BTC retraced to around 95000 - 94500 and went long, with the target set at around 97000-97500.
ETH rebounded to around 3530-3500 for long positions, with a target of around 3680-3750

The support levels below are located at 94500 and 93500 respectively, and the resistance level above is at 97000. It is necessary to closely follow the breakthroughs and support situation of these two levels, adjust trading strategies flexibly, and grasp the market rhythm.