The market is never short of opportunities; what is lacking is the patience to wait for opportunities and the courage to execute disciplined actions. Not greedily grabbing the last copper coin, not fearing holding cash and waiting, being part of the contrarian minority, is the way to go further in the crypto circle. On Wednesday, the intraday white chart showed a pattern of first rising then falling. Bitcoin's price initially rebounded from the early morning low of 87,787 to the midday high of 90,088 and then faced resistance, gradually falling back to the evening low of 88,109. Ethereum's intraday white chart followed Bitcoin's pattern, rising from the early morning low of 2910 to the midday high of 3001, then facing resistance and declining until the evening low of 2900.

From the four-hour perspective, the overall structure remains in a downtrend channel, and the major trend has not been broken. After a rapid decline earlier, the price formed a clear low around 87,700, followed by a rebound. However, this rebound is mainly a short-term correction of market sentiment and not a trend reversal signal. Currently, the K-line is operating near the lower boundary of the downtrend channel, with the moving averages continuously pressing down. After rebounding near 90,000, the momentum has significantly weakened, indicating that selling pressure still exists, and the bearish pattern continues to dominate the overall structure. The market is entering a phase of consolidation after the decline. On the one-hour chart, a volume-driven bullish rebound appeared, pushing the price quickly back to near 90,000 from the lows. However, the K-line then shifted to consolidation with decreasing volume, failing to sustain the upward momentum, reflecting insufficient bullish follow-through. The hourly rhythm shows a "rapid rise then slow walk" pattern, mainly driven by short-term capital seeking rebounds rather than trend-following funds entering the market. As long as the price cannot effectively hold above key resistance levels, the current rebound should be viewed as a weak rebound. Overall, the current market is in a technical retracement and correction phase after a decline, with the direction still leaning towards sideways and bearish. It is not recommended to chase long positions; instead, wait for the rebound to encounter resistance and look for opportunities to follow the trend, which is more prudent.

Trading suggestions:
Bitcoin: Short near 88,300, target 86,000
Ethereum: Short near 2,950, target 2,700