In the crypto world, a day is like a year in the human world. Seize the opportunity to quickly create wealth and don't let it slip through your fingers. On Wednesday afternoon, Bitcoin continued its upward trend, with prices climbing from a low of 118913 during midday to a high of 120704. Ethereum's afternoon performance first retreated to a low of 4607 before stopping and then starting to rebound, peaking at 4714 in the evening. Brother Sheng's long order for Bitcoin, entered around 119195 in the morning, was cashed out around 120648 in the afternoon, securing a profit of 1450 points. The long order for Ethereum, entered around 4623 in the afternoon, was suggested to be cashed out around 4701, securing a profit of 78 points.

According to the current market situation, the four-hour level shows that the price has experienced a rebound with two consecutive upward candles, but has now slowed down. Although the price has shown a retracement trend, the movement has not been extremely strong, and there have been continuous pullbacks during the upward journey. However, the Bollinger Bands continue to open upward, and the KDJ indicator has formed a golden cross with the three lines extending upward. Overall, the trend is in a strong oscillating pattern. From the one-hour level, after experiencing six consecutive upward candles, the price is now undergoing a corrective phase. The long upper shadow left by the bullish candles indicates that there is some selling pressure above, which also hinders the continuation of the bulls. However, the MACD indicator's dual lines still maintain an upward posture, and the values are continuously accumulating in the positive range. Therefore, it is highly probable that the evening market will undergo a brief technical correction before rebounding again.
Long order near Bitcoin 120000-119500, target at 122000.
Ethereum near 4650 can go long target looks at 47800 #ETH突破$4700 #CPI数据来袭