Bitcoin and Ethereum Wednesday market technical analysis and trading strategies:

Longing for plums cannot quench thirst, drawing pies cannot satisfy hunger. There are always some people who draw savage conclusions about trends without even understanding the title. There is no so-called correct bottom, no unmistakable top. People are always afraid of facing the cruel ups and downs but cannot escape the engulfing sadness. I am not a fortune teller on the overpass, and I cannot say the things you love to hear. Judging the problem of a single bottom during a one-way decline is a problem with the mind.

Recently, the market has been maintaining a weak and oscillating trend. In the short term, there has not been much room for a rebound. It was mentioned before that the position of 27,800 can be shorted. In the short term, we still hold high the banner of the bears, continuously opening short positions more than ten times, adhering to the rhythm of the bears. There has been little change in the consecutive victories, which is to follow the trend. The power of the trend has never been in doubt.

From the current technical structure, although it is relatively weak, the space for refreshing the low point is not large. There has not been a thorough exploration of the position, and from the daily chart, the rebound space and form are not enough to complete the stop-fall recovery. Although there is support at the midline, it is basically on the verge of collapse. Therefore, the main idea is still to maintain a bearish mindset, just at a slower pace. We are just waiting for a wave of accelerated rhythm. Following the principle of weak rebound without breaking the high, it is possible to continue to short below the high point of yesterday and see if there can be a substantial breakthrough today. If the bears on Wednesday do not provide much breakthrough space, then look for an opportunity to go long below and observe the rebound at the end of the week.

For Bitcoin on Wednesday morning, pay attention to the short position near 27,500-27,700, with a target near 26,900.

For Ethereum on Wednesday morning, pay attention to the short position near 1,575-1,595, with a target near 1,530.

There is no lack of analysts in the market, and everyone has their own style. I don't like to complicate a problem because investors simply do not understand what you are saying. My style is to express my thoughts in plain language, as long as it achieves the goal of investor understanding, then it is successful! Every article by me is painstakingly original. If you want to consult on trading advice, untangling, or other issues, you can follow my official WeChat public account "晨越谈币"!

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