Wednesday morning thoughts

In the whirlwind of contracts in the cryptocurrency world, the heartbeat fluctuates with the price movements. Each opening position feels like a romantic gamble with the unknown fate. The rise and fall of the market resemble the verses of life, filled with surprises and challenges. Last midnight, the Bitcoin market showed a trend of slight decline, with the price oscillating down from a high of 93799 to a low of 92420 in the early morning, then rebounding. Similarly, Ethereum's midnight market saw the price rebound to a high of 3196 before facing pressure and falling back, nearing the morning market low of 3095. Although Brother Sheng's bearish outlook given at midnight did not reach the target position, it still provided us with a decent interval profit.

According to the current market situation, the four-hour level shows that the market is exhibiting a three-consecutive-up trend towards the middle track of the Bollinger Bands. However, after a brief attempt to test above, the price is clearly lacking momentum. Currently, the bullish volume is gradually dissipating, and the market is gradually entering a retracement posture. Therefore, after this round of rebound, it is highly likely that the market will return to a downward trend. From the one-hour level, after a round of rising, the market shows a weak oscillation pattern, with a significant tendency for prices to converge towards the middle track of the Bollinger Bands. The KDJ and RSI indicators have all shown a downward turn, and the MAC indicator histogram is also continuously contracting above the zero axis. Therefore, in the morning operations, we continue to look for the continuation of the bearish downward trend.

BTC: Short around 93500, target at 91500
ETH: Short around 3150, target at 3000#逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察