The ups and downs of the candlestick chart are like the ebb and flow of the tides. The frenzy of a bull market will fade, and the gloom of a bear market will eventually dissipate. What allows you to weather both bull and bear markets is never luck, but rather the clarity to protect your principal, the discipline to resist blindly following the crowd, and the wisdom gained from volatility. On Wednesday, the intraday market overall showed a pattern of strong consolidation. Bitcoin's price surged from the morning low of 90,904 to the midday high of 93,932 before pausing. By evening, after pulling back to a low of 91,637, the market entered a consolidation phase. Ethereum, on the other hand, showed a strong unilateral upward trend throughout the day, with the price climbing from the morning low of 2,970 to the evening high of 3,145.

Looking at the current chart, the daily timeframe shows two consecutive bullish candles, with the price breaking above the middle band of the Bollinger Bands and challenging the upper band. The overall pattern maintains a steady upward pace. Although the upper wick of the bullish candle indicates some short-term resistance, all moving average indicators on this level remain strong, and the overall bullish trend has not changed. Switching to the four-hour timeframe, after testing the upper band of the Bollinger Bands, the price has entered a high-level consolidation phase. While bullish momentum has slowed, bearish pullbacks are also limited, indicating stronger support below and that selling pressure has not become dominant. As the trend has not undergone a substantial shift, it is still recommended to maintain a buy-on-dips strategy at midnight.

Follow the official account: Changsheng Looks at Trends

Trading Suggestions:
BTC: Go long near 92,000, target 95,000

ETH: Go long near 3,050, target 3,300

$BTC $ETH