Wednesday's Latest Bitcoin and Altcoin Strategies

From the daily chart perspective, Bitcoin has been continuously declining since the previous high, currently showing a pattern of oscillating downward. The daily candles have closed with two consecutive bearish (red) candles, indicating that the bearish forces are dominant. The 4-hour chart has already formed a short-term low-range oscillation zone, and the current movement has been fluctuating within this zone, without a significant breakthrough of key support and resistance levels.

Technically, on the 4-hour chart, the MACD indicator's DIF and DEA lines are both trending downward, and the MACD histogram is in the negative zone with bars expanding, further reinforcing the short-term bearish dominance. The daily MACD also shows a death cross, providing additional confirmation of the current weakness. However, it is important to note that there is relatively strong short-term support below, which limits the continuation of the overall downward trend.

Bitcoin: 85,700-86,700, →88,000-89,000; Altcoin: around 2,900, →3,000, 3,100.

Personal opinion, for entertainment only, not investment advice!