Wednesday Early Morning Bitcoin and Ethereum Market Analysis and Intraday Summary

In the intraday market, bullish momentum remains dominant. Bitcoin rebounded to around 89,355 in the evening, then entered a slow correction phase in the early morning. The overall trend shows resilience, with pullbacks mainly serving as a time-for-space correction. Ethereum also surged to 3,008 before experiencing a pullback, but the retracement was limited, aligning with expected technical corrections. The bullish pattern remains intact, and short-term pullbacks have not caused any substantial breakdown. Multiple long positions taken throughout the day have yielded good returns, with Bitcoin gaining over 2,000 points and Ethereum approximately 100 points. Entry and exit points have been clearly outlined in previous analyses. Currently, we maintain a short-term bullish outlook.

The daily chart, after nearly two days of doji consolidation, confirms a bottom at low levels, with the structure currently in a second attempt to reach higher. The four-hour chart shows that after a previous low rally, the market did not continue strongly but instead entered sideways consolidation. This type of consolidation is a form of strong correction, building momentum for the bulls. Presently, prices remain above the four-hour upward trendline, maintaining a predominantly bullish oscillation pattern. The price continues to consolidate at high levels, repeatedly testing resistance, which gradually weakens the resistance level. Therefore, the midnight market remains optimistic about further upward testing.

Trading Suggestions:
In the early morning, focus on long positions around 88,000-87,800 for Bitcoin, targeting 90,000;
For Ethereum, focus on long positions around 2,950-2,930, with a target of 3,100.