Bitcoin has continued to show small range oscillations since the beginning of the week, and the market has been unable to break out of a larger amplitude. In the short term, it is still running around fluctuations of two to three hundred points. Yesterday, there was a small rebound to around 26388 at noon, and the low price in the evening also retraced to around 26075. We successfully captured a space of more than 300 points. Currently, we have come to the Wednesday juncture. In the past market, Wednesday has also been a turning point. Not afraid of the market falling, not afraid of the market rising, just afraid of the market staying still. If the sideways movement lasts too long, it will lead to an outbreak in the market.

The four-hour chart is also under pressure at the middle rail. Today, it gave back the rebound space from yesterday and closed at a low level. The continuation of the short-term probe has also formed a certain continuity. Various moving average indicators are chaotic and divergent, with slight signs of turning downwards. The high point of the small step has not been recovered, so it is still advisable to maintain a bearish view. The downward trend on the hourly chart is even more obvious, and the volume of the short energy column is increasing. The rebound has not yet been given, and it is still in a bear market.

Bitcoin is recommended to short near 26400-26600, and Ethereum is recommended to short near 1690-1600.

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