9.9 Wednesday early morning Bitcoin Ethereum market analysis and trading suggestions

Temporary difficulties are not the end, but a signal reminding you to change your way of moving upwards. Endure it, and there will be a smooth road ahead. Bitcoin's intraday performance shows a volatile trend, initially pressured down from the high of 112460 in the morning, dipping to a low of 111050 before rebounding strongly, reaching a maximum of 113238. The market then entered a consolidation phase, but in the evening, the bullish momentum was insufficient, and the price fell back to the intraday low of 110714. Ethereum's trend first dipped to the support level of 4275 before quickly bouncing back to 4380, but ultimately could not escape the fate of correction. We opened a short position on Bitcoin at 112600 and exited at 111300, successfully capturing a space of 1300 points; for Ethereum, the short position at 4362 was closed at 4289 for a profit of 73 points, and we are currently holding a long position.
From the current technical analysis of the market, the price trend shows a typical consolidation pattern. On the daily chart, the candlestick is continuously oscillating around the middle band of the Bollinger Bands. The 4-hour chart shows a clearer trend, where the price encountered significant selling pressure after touching the upper band of the Bollinger Bands, followed by a technical correction, currently finding temporary support near the middle band. The market activity has significantly increased during the early hours, and together with the double bottom formation on the hourly chart, we maintain a bullish outlook.
Bitcoin: Buy around 110500, short-term target 112500
Ethereum: Buy near 4260, short-term target 4380
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