On the K-line chart of the cryptocurrency market, each line of rise and fall is a trial of human nature. Some blindly follow the myth of hundredfold coins, ultimately being reaped by the market's sickle; some panic and lose their way during a black swan attack, causing years of accumulation to vanish in one night. But true long-term players understand that there has never been a shortcut in this market; only cognition and mindset can traverse the bull and bear cycles. On Wednesday, the Bitcoin price first retreated from the morning high of 113583 to the low of 111722 around noon, then rebounded to the afternoon high of 113470 before facing pressure again, with the price dipping all the way down to the evening low of 110364. The Ethereum price, on the other hand, rose from the morning low of 4061 to the afternoon high of 4261 before stopping, then began a strong downward trend, touching a low of 3960 near midnight. During the day, the successful layout of Bitcoin achieved over 3460 points of space! The simultaneous layout of Ethereum gained over 222 points of space!

The current downtrend of Bitcoin and Ethereum continues, with market bearish momentum steadily increasing. The ultimate goal of the white盘 operation is expected to be further reached. From a daily perspective, Bitcoin has formed a continuous bearish candlestick pattern and has currently retraced to the lower support range, requiring close attention to whether the subsequent dip continues. The MACD indicator shows that the top divergence structure is still expanding, with the dual bands continuously widening, and the bearish candlesticks deepening, indicating that the current downtrend still has continuity. Observing from an hourly perspective, the market has shown a stepwise decline with eight consecutive bearish candles, guiding the market downwards step by step, and the bearish pattern is significant. A secondary probing pattern has initially emerged, and future movements should focus on the key support levels from the previous upward trend.
Operation Suggestions:
Big Cake: Can short around 111000, target looking at 108500
Two pancakes: can short around 4050, target looking at 3850
$BTC $ETH #现货ETF获批新进展