Wealth is born in fear, missed in hesitation, and explodes in persistence. On Wednesday morning, the Bitcoin market showed a fluctuating downward trend, with the price first dipping from the high of 112330 to a low of 110867 before stopping, and then giving a slight rebound, until the midday market rebounded to a high of 111700 before being pressured down again. The Ethereum market gradually rebounded after falling to a low of 4538 in the morning, reaching a high of 4645 by midday. Brother Sheng also took advantage of this volatile market trend to implement one short order and one long order for Bitcoin and one short order and one long order for Ethereum, all of which were successfully executed. The short-term short orders for Bitcoin and Ethereum, laid out in the morning, were entered near 111811 and 4592 respectively, and exited near 111113 and 4544 respectively, with the Bitcoin short bringing in 700 points and the Ethereum short bringing in 48 points. Then, he laid out long orders for Bitcoin and Ethereum again, entering near 111033 and 4570 respectively, and exiting near 111559 and 4632 respectively, with the Bitcoin long bringing in 500 points and the Ethereum long bringing in 62 points.

According to the current market situation, the four-hour level shows that after experiencing a two consecutive bullish rebound, the bears have entered a two consecutive bearish pullback trend. It is evident that the price is under pressure at the middle track, and combined with the recent downward trend of the market, it has not completed its course. Moreover, the bulls' repeated rebounds have not provided significant breakthroughs, which means the overall downward trend will continue. From the one-hour level, the market shows a three consecutive bearish downtrend breaking through the middle track of the Bollinger Bands, and the KDJ indicator's three lines have formed a dead cross pattern and are diverging downward, indicating that the downward trend has begun, and the bears are starting to increase their volume. Therefore, in the afternoon trading, we will still maintain a bearish outlook.

Short order can be placed near Bitcoin 111000-111500, target looking at 109000.

Ethereum around 4600-4630 can be shorted, target looks at 44500 #Gate广场七夕心意 #美商务部拟上链发布经济数据 .