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Analyzing the Bitcoin market on Wednesday, we can see that the bearish forces have significantly strengthened, but this is actually a typical market washout behavior. Although it may induce panic among investors in the short term, it aligns with the market cycle rule of "pump - wash - breakout." Any strong rise will inevitably be accompanied by a adjustment period, and this applies equally to the Ethereum market. The cryptocurrency market essentially does not allow for unilateral sustained strength, and market developments will also present diverse forms, which is the inherent logic of market operation.
Analyzing the hourly chart, Bitcoin has begun to rebound after a significant correction, with the price breaking through the middle band of the Bollinger Bands. The candlestick chart shows an upward trend, indicating that bullish strength is gradually gaining an advantage.
For the recent layout strategy, it is recommended to continue adopting a high sell low buy long position strategy. In terms of specific operations, Bitcoin can be bought around 107500, and aggressive traders can expect a 300-point increase, aiming for a target position of 109500; Ethereum can be bought around 2730, aiming for a target position of 2850.