Midnight Thoughts on Wednesday: Latest Market Analysis and Summary for Bitcoin and Ethereum
Yesterday at midnight, we provided a bullish outlook, which saw a rise in the morning, touching around the 97700 level. Subsequently, although our bearish outlook in the morning did not meet our expectations, we reversed our position and entered long positions, capturing a profit of 1028 points before exiting. In the afternoon, we maintained our bearish outlook and captured another 1189 points before exiting. In the evening, the market has now touched a low around the 96000 level, and we still maintain a bearish outlook. In the short term, one could lightly short to capture short-term pullbacks, while conservative traders should wait for a rebound to our expected levels before entering short positions.
From the current market perspective, the overhead pressure is still quite clear, and we have yet to break out of the range. Currently, the entire momentum structure is showing slight signs of fatigue, with the price under pressure at the upper boundary. Although there have been multiple attempts to push higher, none have resulted in a breakout. Due to the influence of evening news, both bulls and bears will form the dominant market forces. Based on the current situation, if the rebound high cannot break out and continues, then a pullback is inevitable. We still favor a bearish outlook on rebounds; even if there is a strong bullish structure pushing upward, the 978 level can be treated as resistance, and if broken, we can follow the trend.
Midnight Trading Suggestions:
Short Bitcoin around 96500, targeting 95000,
Short Ethereum around 1810, targeting 1700.
#比特币 #比特币走势分析
Yesterday at midnight, we provided a bullish outlook, which saw a rise in the morning, touching around the 97700 level. Subsequently, although our bearish outlook in the morning did not meet our expectations, we reversed our position and entered long positions, capturing a profit of 1028 points before exiting. In the afternoon, we maintained our bearish outlook and captured another 1189 points before exiting. In the evening, the market has now touched a low around the 96000 level, and we still maintain a bearish outlook. In the short term, one could lightly short to capture short-term pullbacks, while conservative traders should wait for a rebound to our expected levels before entering short positions.
From the current market perspective, the overhead pressure is still quite clear, and we have yet to break out of the range. Currently, the entire momentum structure is showing slight signs of fatigue, with the price under pressure at the upper boundary. Although there have been multiple attempts to push higher, none have resulted in a breakout. Due to the influence of evening news, both bulls and bears will form the dominant market forces. Based on the current situation, if the rebound high cannot break out and continues, then a pullback is inevitable. We still favor a bearish outlook on rebounds; even if there is a strong bullish structure pushing upward, the 978 level can be treated as resistance, and if broken, we can follow the trend.
Midnight Trading Suggestions:
Short Bitcoin around 96500, targeting 95000,
Short Ethereum around 1810, targeting 1700.
#比特币 #比特币走势分析
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BTC
98,833.33
+2.25%
ETH
1,844.99
+1.05%