Midnight BTC/ETH Market Perspective:
After a few days of holiday, people have loosened up, and at this point, it's hard to stay awake; I'm feeling sleepy! At noon, Zhongliang clearly advised everyone to continue with a low long strategy, urging not to chase prices up or down. Last week was all about going long, and it was profitable. During the May Day holiday, it coincided with the weekend, so there was no market watching!
At noon, I advised everyone to buy Bitcoin on the dip at 93600. After a brief drop to 93600 in the evening, it quickly surged to 94500 before pulling back again. This move was too fast, and I estimate that many couldn't reduce their positions in time. But that's okay; for those who missed the opportunity, the evening saw another pullback to around 93559, providing a second chance to enter. The current price is around 94200, and the long positions are already profitable, so if you're looking for short-term gains, just manage your profits accordingly!
At midnight, we need to pay close attention to the resistance at 95000 and 95500. Only if we can rebound and stabilize here can we consider the pullback to be over. Otherwise, the bulls might be in some danger. If you haven't entered long positions yet, there's no need to rush; you can continue to wait at the support level for a low long entry!
For Bitcoin, the lower supports to watch are at 93500, 92700, and 92000. If you don't have long positions at midnight, you can wait here to enter. If you've already entered long at 93600, consider reducing your position around 94600 during the midnight rebound, and then you can replenish at the lower support or safely take profits; both are valid options!
For Ethereum, at noon, I provided support levels at 1780 and 1750 for low long entries, but unfortunately, after giving the strategy, the lowest pullback was at 1793, so the long positions couldn't be entered. The midnight strategy remains unchanged, with lower supports at 1780, 1750, and 1730. Low long positions should be set around here, targeting 1820, 1840, and 1870.
The above is just a personal opinion; investment involves risks, and one should be cautious when entering the market! #币安LaunchpoolSXT $BTC