After Bitcoin broke below the two-day ascending wedge pattern, the 4-hour chart shows a clear accelerated downtrend. Currently, it’s oscillating around 102,000. The medium to long-term outlook remains bearish.
On the 4-hour MACD histogram, the bearish momentum continues to be negative and is gradually increasing, indicating that the selling pressure is still active. There are no signs of volume decreasing or a trend reversal yet.
Trading Recommendations: - Bitcoin (BTC): Pullback to the 102,500–103,200 range. Target below 101,000 is 98,500. - Ethereum (ETH): Pullback to the 3,320–3,360 range. Target below 3,280 is 3,050.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Wednesday Night BTC, ETH Strategy Analysis
After Bitcoin broke below the two-day ascending wedge pattern, the 4-hour chart shows a clear accelerated downtrend. Currently, it’s oscillating around 102,000. The medium to long-term outlook remains bearish.
On the 4-hour MACD histogram, the bearish momentum continues to be negative and is gradually increasing, indicating that the selling pressure is still active. There are no signs of volume decreasing or a trend reversal yet.
Trading Recommendations:
- Bitcoin (BTC): Pullback to the 102,500–103,200 range. Target below 101,000 is 98,500.
- Ethereum (ETH): Pullback to the 3,320–3,360 range. Target below 3,280 is 3,050.