Wednesday morning Bitcoin Ethereum market analysis and trading suggestions

Good morning, friends! As expected, the market rebounded to around the 109100 level in the early hours before undergoing a correction. The Bitcoin briefly broke through 109000, then fell back to around the 108500 level where it found support to rebound. It is currently consolidating around 108600.
The concubine's synchronous downtrend rebounded to around the 2624 line before starting to pull back, touching a low near the 2597 line. After the bears dominated, they continued to test the key support below, but there was no significant effective breakthrough in the short term. In the morning, we continued to hold the strategy of rebounding and selecting high points.

The daily level analysis shows that the highs are gradually declining, and the price continues to operate within a downward channel. The short-term rebound has failed to effectively break through and stabilize at key resistance levels, indicating that bears still dominate the market. The current price is in a critical contest area for bulls and bears, with the long upper shadow of the candlestick highlighting heavy selling pressure above, showing that the bulls face strong resistance in their attempt to break through. The moving averages show a bearish arrangement. Although the short-term structure appears slightly strong, the resistance of Bitcoin at 109700 and the resistance of Ether at 2630 have not formed substantial breakthroughs.

Operation suggestion:
Look at the 108000 in the range of Bitcoin 109000-109500.
Ethereum range between 2630-2650, looking at 2550.
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