The fluctuations in the crypto world are never a joke of fate, but rather a practice of determination. The ups and downs of the Candlestick chart resemble waves crashing against the shore; the revelry of a bull run will eventually come to an end, and the chill of a Bear Market will also fade away. True winners never chase the price in the noise but quietly lay their plans during moments of silence. On Wednesday morning, Bitcoin's market showed a trend of slow rise after falling to a low point of 102455, beginning a consolidating upward movement, with prices currently reaching a high of 105044. Ethereum's market remains in sync with Bitcoin, rising from a morning low of 3403 to an evening high of 3539. Today’s market moves slowly; the prevailing strategy in the morning was to be bearish, but a surge occurred at four o'clock in the afternoon, allowing for a gain of 400 points, and taking the opposite position resulted in a long order that captured a gain of 1837 points! Ethereum also captured over 69 points!

From the four-hour Candlestick pattern, the market presents a typical "bullish candle recovery - bearish candle pullback" trend. After a series of bullish candles strongly reclaiming previous losses, a bearish candle with a significant upper shadow appears, indicating a release of short-term bullish momentum, followed by the entry of bearish forces forming effective pressure. The current price pullback is a healthy technical correction, and this stage of consolidation is precisely laying a more solid foundation for the subsequent upward attack. The current price is still steadily operating within the upper Bollinger Bands channel, and multiple technical indicators show that the market is about to enter a critical consolidation phase. This stage will mainly complete three actions: first, digesting short-term profit-taking positions; second, repairing overbought technical indicators; and third, waiting for the moving average system to gradually follow up. Once the consolidation is sufficient, the price is expected to continue the original upward trend and launch a new round of upward attacks.

Follow the trend: Chang Sheng looks at the trend

Operation advice:
Bitcoin is around 104000, aiming for 107000.
Ether is around 3480, targeting 3700.

$ETH $BTC