Wednesday midday Bitcoin Ethereum market analysis and trading suggestions

Looking back at Lao Tian's morning analysis on the pullback strategy, Bitcoin has successfully pulled back to around the 118800 line as expected, while Ether has been steadily oscillating upward to around the 3760 line. After yesterday's successful long position by Lao Tian, gaining nearly a thousand points, we shorted near the 119900 line this morning, capturing close to a thousand points of space, and the actual trading recorded a 450-point gain before exiting. Currently, from a short-term perspective, the market shows a strong continuation of the bearish trend. Friends who have entered long positions can hold patiently; if it breaks below the defensive level mentioned by Lao Tian, consider rationally adjusting your positions for reduction or addition based on your own holdings. Aggressive traders can try a small position in line with the trend, while conservative traders should wait for stabilization before planning their long positions.

Hourly observation: The Bollinger Bands are showing a narrowing trend, indicating that the market is currently in a range-bound state, which also suggests that a directional breakout is imminent. The key now is to determine the direction of the breakout and patiently wait for the market to make a choice. Four-hour observation: The price is running near the upper Bollinger Band, with the three bands maintaining an upward divergence, showing that the current bullish trend remains unchanged, and the market dominance is still on the bullish side. In terms of Ethereum, bullish momentum is gradually strengthening, which aligns with previous expectations. Midday continues to follow the morning strategy of waiting for a pullback to enter long.

Operation suggestion:
Bitcoin 118500-118000 range is oscillating, looking at 120000
Ether 3700-3720 range oscillation, looking at 3800
Bitcoin defends below 118000, Ether defends below 3700.
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