Midnight Wednesday Bitcoin Ethereum Market Analysis and Trading Suggestions
In the evening, Bitcoin surged strongly, nearing the new high of around 110000, with the highest actual trading touching around 109800. Old Tian has been emphasizing a bullish strategy in the morning and afternoon strategies, and the recent pullbacks have been strongly reclaimed by the bulls. Friends who followed this strategy should have taken off. Recently, I have been busy with actual trading layout guidance, and updates on posts have been relatively few. I hope friends can understand. Currently, the actual trading is oscillating around the line of 108900, and with a clear short-term pullback, we can lightly short to catch the wave of the pullback, waiting for the pullback to accumulate strength for another surge. Friends with smaller positions should try to observe more and act less at midnight.
The daily chart of Bitcoin shows a strong upward stretch. As the price rises higher, the pressure above undoubtedly increases. This is also the reason we exited directly to secure profits. At this point, it is undoubtedly under pressure, and we have dealt with such critical levels many times. In terms of operations, the actual trading is currently showing a clear pullback. If it stabilizes at the support of 107000 during the pullback, we can lay out positions at a lower price. Mid-term investors need to pay attention to the breakout situation at 110000 and adjust positions flexibly. Overall, market sentiment is relatively optimistic, but attention should be paid to volume coordination and sudden news impacts. It is recommended to strictly control risks and operate cautiously.
Midnight Trading Suggestions:
Aggressive traders can lightly short once now, waiting for a pullback near 108000 to go long, with a target of 110000.
Ethereum can also lightly short once, waiting for a pullback in the 2500-2530 range, with a target of 2650.
