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Wednesday Market Quick Notes
Futures are all about risk and opportunity coexisting. Trading is not gambling; the key is how you read the charts. On Wednesday morning, Bitcoin showed little volatility, dropping from a high of 93,743 to the support level of 92,202 without breaking below, then oscillating within a small range. Ethereum's performance was similar, falling from 3,301 to 3,238 in the morning, following Bitcoin's rhythm.
From the four-hour chart, the market is oscillating around the middle band of the Bollinger Bands, experiencing a rebound followed by downward pressure. Although it has touched the middle band again, the support strength of the middle band is quite good—especially with frequent long lower shadows, indicating that the bears lack the strength to break downward. Therefore, the overall trend remains relatively strong. Switching to the one-hour timeframe, after three consecutive declines, there have been two rebounds, and currently, it is in a phase of repeated adjustments. The MACD double lines are still below the zero axis but show no signs of volume expansion; the three lines of the KDJ are turning upward and converging. This suggests a high probability of a rebound and recovery in the near future.
This afternoon's strategy is mainly to go long at low levels. #数字资产行情上升
**Trading references:**
BTC: Enter long positions around 92,500, target 94,500
ETH: Enter long positions around 3,220, target 3,350