Wednesday Morning Market Observation

Yesterday, Bitcoin started a downward trend after confirming a break at the 1065 level, continuing a slight one-way downward trend. Last night, the price first touched the 1053 area, then further dipped to around 1033. This morning, there was a slight rebound, and the price rose to the 1043 level.

In the context of the ongoing geopolitical conflicts and the lack of easing in the domestic situation in the United States, the market is expected to continue to maintain a volatile or downward trend. Investors should closely monitor the performance of the key support level at 1030 and are advised to flexibly adjust their investment strategies to respond to the current market environment.

From the technical indicator analysis, the cryptocurrency prices are currently in a state of low-level oscillation downward. The MACD indicator shows that the green bars continue to expand, with the fast line and slow line forming a death cross pattern below the zero line; the current RSI indicator is at 41.05, which has not yet reached the oversold area, indicating that there is still room for further decline in the short term.

Operation Strategy Suggestions:
- Bitcoin ( BTC ) can be considered for shorting in the 1050-1040 range, with a downward target focused on the 1030 area.
- Ethereum ( ETH ) can consider shorting in the 2500-2520 range, with a downward target focusing on the 2480 area.