Bitcoin and Ethereum market analysis and trading suggestions for Wednesday evening

Afternoon market review and evening strategy. After a slight technical pullback in the afternoon, the market regained its upward momentum. The Bitcoin found support at the 118829 line, stopped the decline, and rebounded strongly above 120000, reaching a maximum of 120470. The Ether showed an even stronger trend, with limited pullback and a one-sided upward movement, having effectively broken through the previous resistance high, reaching a maximum of 4716. The pullback long strategies that were suggested multiple times during the day were all validated by the market. The Bitcoin long position entered at 118800 was exited for a profit of 1200 points after reaching the target of 120000; the Ether long position entered at 4611 was closed for a profit of 89 points after successfully breaking 4700. All strategies were based on prior planning and rigorous analysis.

Current Market Analysis and Future Outlook
The current price continues to rise, and the bulls have basically recovered the previous losses. The technical structure remains strong, and we continue to expect the expansion of upward space in the future market. The pullbacks that occur intraday are within the normal technical adjustment range during the upward process. It is important to note that before a clear trend reversal signal appears, one should adhere to the principle of trading with the trend, and look for buying opportunities on dips based on support levels. Observing the four-hour chart, the continuous upward momentum has effectively opened up space above. Short-term bearish volume is showing signs of contraction, and overall market sentiment continues to warm, with prices gradually testing and approaching key resistance areas above. Although the current rhythm is slightly oscillating upward, the continuity is good, laying a foundation for potential acceleration in the future. One should pay attention to the possibility of a breakout accompanied by a long bullish candle after the oscillating upward movement. Therefore, firmly maintain a bullish mindset, patiently wait for and seize the opportunity to enter when prices pull back to support.

Operating Suggestions:
Bitcoin 119400-119800 range oscillation, look at 122000
Ether 4660-4680 range is observed, look at 4780
Bitcoin defends below 119300, Ether defends below 4650.
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