Bitcoin/Ethereum Midnight Market Analysis:

Bitcoin Market Analysis

Daily Level

The upper rail of the Bitcoin daily K-line is opening downwards and declining, with the price retracing to test the middle rail support. From a technical indicator perspective, the MACD bullish momentum is shrinking, indicating that bullish power is gradually weakening; the KDJ three lines are about to converge and form a death cross, which is usually a signal of weakening market conditions; the RSI is turning downwards, also indicating that the market's relative strength is beginning to lean towards bearish.

4-Hour Level

The Bollinger Bands are widening, and the price has fallen below the lower rail support, currently running just below the lower rail, indicating strong short-term bearish momentum. At the same time, the MACD bearish volume continues to increase, further validating the dominance of bearish forces.

Hourly Level

After the price broke below the lower rail support, it rebounded, with a long lower shadow indicating some demand for rebound. However, this also provides us with an opportunity to continue short positions.

Operational Suggestions

The resistance levels for Bitcoin are at 106700, 107700, and 108500. If the price rebounds to these levels, consider entering short positions. The support below is in the range of 105500 - 104500 - 103000.

Ethereum Market Analysis

The resistance for Ethereum is at 2460, 2500, and 2540. When the price rebounds to these levels, consider entering short positions. The support below is in the range of 2420 - 2380 - 2320.

Special Reminder: The above are personal opinions for reference only! During trading, all coin friends must ensure proper risk control.