Wednesday's Bitcoin and Ethereum Trading Strategies:

Public🀄Hao: High Gold Theory of Coins
Life is always full of twists and turns, with joys and sorrows, just like the current market situation. Therefore, you need to maintain a calm mindset, avoid arrogance and impatience. Last night and midnight, the market experienced a rollercoaster ride. Bitcoin, after facing resistance at the high of 94415 in the evening, plunged sharply, touching a low of 91209 before stopping and rebounding. The bulls regained strength in the early morning, currently recovering to around 93825. Ethereum followed a similar pattern, hitting a high of 3308 last night before facing resistance, then dropping sharply to a low of 3180, before stopping and rebounding. It has recovered to around 3299. Overall, the short-term trend has formed a V-shaped reversal, with fierce battles between bulls and bears.
Based on the four-hour retracement levels, multiple lower wicks indicate relatively strong support below. The current pullback can still be viewed as a correction. The last large bullish candle's bottom is a critical point for the bulls. As long as it remains above this level, the market will continue to maintain a strong consolidation pattern. From the current structure, the market's bullish characteristics are still evident, and partial retracements are also building strength for the bulls. On the hourly chart, after a wave of correction and consolidation, the market has digested the overbought selling pressure, causing the short-term trend to slow down slightly. However, I still remain bullish on the future. Today, the main strategy is to buy on dips, with short positions as a supplement, and flexible trading.
On Wednesday, around 93000 for Bitcoin, consider buying with targets at 94500-95000.
For Ethereum around 3250, consider buying with targets at 3350-3400.