Wednesday Daytime BTC/ETH Analysis and Operations

Last night, the BTC trend showed characteristics of "first rising then suppressing": it once surged to the key high point of 113200, then came under pressure and began a linear downward mode, briefly stabilizing after reaching a low point of 111400, accompanied by a slight rebound. The ETH trend was highly synchronized with BTC, as ETH peaked at 4210 before falling back with the market, testing the support level of 4135. On Tuesday evening, we firmly held a high short position, with BTC capturing 1800 points and ETH 95 points!

4-hour level: A clear downtrend is evident, with multiple large bearish candlesticks present on the chart, indicating a dominant bearish characteristic. Although there are signs of stabilization around the low point of 111400, the rebound strength is weak and has not managed to break through the key resistance level. The overall downward structure has not been disrupted.

Hour level: The MACD histogram remains in the negative territory, but there are clear signs of convergence, indicating a reduction in short-term bearish strength, and there is a slight expectation of a market rebound; however, there has not yet been a clear signal of trend reversal.

Overall, the operating strategy still suggests focusing on placing short positions after a rebound.
Short on BTC at 113500-113000, looking at 111000.
Sell ETH at 4250-4220, watch for 4110. #BTC