Midnight BTC/ETH Market Insights:

It’s crazy, it has taken off, it has skyrocketed, the bull is here! These phrases are not enough to describe today’s market. All I can say is, those who have been shorting have really had a tough time; everyone knows the market doesn’t just go up without coming down. The key is, is it exhausting to hold onto a short position? If the position isn’t managed well, when the price drops, the position might be gone...

Chasing longs now feels like being high up and shivering in the cold; it feels like licking blood on a knife’s edge. So, some profits, if missed, are just missed. If you chase a short-term long at a high position, you might feel a little profit isn’t enough and fear a sudden drop, so it’s better to just sleep soundly. In this market, the bold eat well and may even overeat. Rather than guessing the peak and fearing heights, it’s better to close your eyes and chase the long!

For Bitcoin, pay attention to the support levels at 99000, 98000, and 97000. Looking up, the targets are 100500, 101500, and 103000.

For Ethereum, the support levels to watch are 1960, 1930, and 1900. Here, low longs are waiting in ambush, with targets at 2000, 2030, and 2060.

As Zhongliang always says, from a weekly K-line perspective, there is still room above. Bitcoin’s weekly K-line resistance is at 105000 and 106000, while Ethereum’s weekly K-line resistance is at 2080 and 2130. So, there’s really no rush to short; those who are trapped in shorts can’t rush either. This Friday still looks bullish; if it drops or retraces, that’s something for Saturday or the weekend! #BTC重返10万 $BTC