🚨5/30 Midnight BTC/ETH Market Report🚨

🔶In the morning, Ethereum made a strong surge, reminding everyone that Bitcoin around 108600 is a key resistance level, and chasing long positions directly is not advisable. The subsequent price only briefly broke above before coming back down. Although our long position at 2609 from yesterday did not hit the highest price for profit-taking, the returns were still quite good, mostly securing profits above 2700. Therefore, there is still some profit potential. In the morning, I advised everyone to consider entering around the low levels of 2558 to 2523, as well as around Bitcoin's 105425 to 104635. While we did not enter today, at least we avoided blindly chasing high positions.

🔶In the evening, the team led by the Er family had already advised to enter long positions for Ethereum near 2624. Subsequently, the price just dropped to 2620 before starting to rebound to the first target of 2669. Currently, after reducing the position, we are holding to break even for further speculation. For Bitcoin, we were advised to enter long positions near 107060. Bitcoin and Ethereum are polarizing; they are entering the market almost simultaneously, but Ethereum surged to the first profit-taking level, while Bitcoin experienced a rapid drop. Binance just reached the stop-loss point at 106400 before starting to rise, but most did not trigger it. However, after the subsequent rise to around 107796, we were advised to adjust to break even for further speculation, and we have already exited at break even. From the chart, there is still a risk of continued retracement, so we must keep waiting.

🔶$ETH is currently falling into the cloud layer, with the upper support level being continuously broken, indicating there is still a demand for a decline. The next main support is still near the 2558 to 2523 levels we mentioned this morning, so the midnight long positions should still refer to these two positions for a more stable entry. Currently, at the lower level, there is support at 2585 on an hourly basis, and we can consider entering a small position. The main position still needs to consider entering near the two lower levels. Currently, around 2653, there is resistance at the top of the cloud layer, as well as resistance around 2669.

🔶$BTC The thought process remains unchanged; continue waiting for a retracement before entering. From the chart, the previous support near 106880 has been broken, so this is likely to become an important resistance level. The support near 105425 and 104640 can be considered for entering a long position once, and there is also some support around 105845, where we can consider entering part of a small position.

⚠️All entry and exit points mentioned above have a ±100 point deviation (for Bitcoin) and ±5 point deviation (for Ethereum), and all points are only reference points based on chart patterns.