Wednesday Morning Cryptocurrency Market Brief

The market is currently testing back and forth, with the bulls and bears temporarily evenly matched. Looking at the daily chart, the candlesticks are hovering near the lower Bollinger Band, with downward space gradually opening up. The lower band is continuously moving down, indicating that the bears might be overextending. The four-hour chart is even more obvious — all three bands are aligned downward, with bearish sentiment permeating the entire market. In the evening, the price rebounded to the middle band but was quickly pushed down again, and the speed was quite fast, suggesting that the middle band has become a tough resistance point. The short-term rebound momentum is clearly insufficient.

Future rhythm: Continue to watch the middle band as a resistance level. Once the price rebounds, consider how to short.

BTC is fluctuating in the 87,900-87,100 range, with a downward target around 85,700.

ETH is bouncing between 2,975-2,995, with support down to around 2,835.

#大户持仓变化 $BTC $ZEC