Analysis of Bitcoin Market on Wednesday Night

In the morning, the market took over a thousand or several hundred points, and rebounded again in the afternoon to the area around 57,000. The market showed a continuous oscillation trend. Whenever the price touched a specific area, it failed to effectively break through and continue to rise, but fell back. It can be seen that there is a strong pressure point in this area. At present, the overall market maintains an oscillation within the range of 400 points. The current trend still shows that the market is still in a relatively weak state. It is recommended to continue to adopt a high-altitude strategy in terms of operation.

The 4-hour trend shows that after a round of decline, the market entered a correction. The K-line continued to fluctuate downward after a slight correction, and the Bollinger Bands opened downward, indicating that the weakness has not changed and there is a lack of a strong rebound. Although there are signs of stopping the decline in the short term, the rebound has not yet appeared, so the bearish idea is maintained. The hourly line is also bearish, and the market is expected to continue to fall in the evening.

Wednesday night recommendations:

Bitcoin can be bought around 56800-57000, and the next target is 55500-54500

Ethereum can be sold around 2430, and the next target is 2330-2280#加密市场急跌 #非农就业数据即将公布