On Wednesday, Bitcoin continued to operate in a high-level oscillation trend. The intraday range had more than a hundred points of fluctuation, which is not very large. There are plans for larger maneuvers. Regarding Ethereum, after refreshing the high level again at midday, it is currently experiencing a slight pullback. The shorting strategy we proposed in the morning for the high level was also undoubtedly successful!

From an overall structural perspective, the back-and-forth tug of war between bulls and bears is affecting countless people's hearts. After experiencing a period of volatility, Bitcoin has begun a range-bound oscillation, with signs of a weakening trend clarity re-emerging. From a technical structure standpoint, various indicators show that the market is engaged in intense bull-bear competition, with bearish forces seemingly slightly gaining the upper hand at present. A key time node in the current market is approaching, which may become an important turning point for Bitcoin's price movement. Given the failure to effectively break through the resistance level above, continuing the arrangement for shorting may have a certain degree of rationality. Because as long as the resistance holds, it means the upward space is limited, and bears may take the opportunity to further suppress the market.

Bitcoin: shorting around the 120000 level Target 118000
Ethereum: shorting around 4650 Target 4550#BTC #ETH