Wednesday Midnight Strategy

In the world of crypto contracts, every click accelerates the heartbeat! Capturing momentary fluctuations can lead to astonishing wealth leaps. On Wednesday, the Bitcoin market showed a sideways upward trend during the daytime session, with prices rising from the early morning low of around 102,455 to a high of about 105,284 before stalling. In the evening, the market experienced a strong downward move, with prices falling to a low of approximately 101,300. Ethereum's intraday trend also started from a low of around 3403 in the morning and continued upward to a high of about 3587 in the evening before facing resistance and beginning to decline, with the price dropping to a low of around 3370 near midnight. Brother Sheng's short-term intraday short positions were unfortunately stopped out.

Based on the current market, the four-hour timeframe shows that after a strong rebound, the market experienced a sharp decline, with the overall intraday gains fully retraced. Currently, the price is at the lower band of the Bollinger Bands, with bearish momentum continuously releasing. All indicators and moving averages on this level are trending downward, indicating a shift to a weak market structure. On the one-hour timeframe, the trend shows a strong three consecutive bearish candles, with the Bollinger Bands opening wider and the middle band gradually turning downward. Although there has been some rebound recently, the overall trend is unlikely to change significantly. Therefore, for midnight trading, we continue to adopt the strategy of shorting after rebounds.

BTC: Short around 102,000, target 100,000
ETH: Short around 3430-3450, target 3300