Midnight BTC/ETH Market Opinion:

Be cautious at high levels and do not chase the rise, focusing on shorting. Although I was stopped out yesterday while shorting and again today, this does not affect my determination to short. This is not mindless shorting; it is not the case that the more the market rises, the more we short. Rather, the temptation to go long is indeed becoming stronger, and the bears have already been wiped out, reaching the ceiling. If we chase the rise now, what if we get stuck at a high position? When will we be able to break even? Recently, the market itself has not been persistent. Bitcoin at the daily K-level often rises and then suddenly falls, and the fear index is also rising, reaching 74. Therefore, it is indeed advisable not to short, but we should not blindly chase the rise!

Bitcoin has already shorted around 110,000. There is resistance at 109,700, 110,400, and 111,400 above, and we can try to participate in shorting at these levels. The support below to watch is 108,000 first. For the market to go down, it must first break below this level, which is the lifeline for bulls and bears. If it breaks below 108,000, we can look down to 106,000 and 105,000. At 108,000, we should reduce positions in our shorts. If it does not break below this point, then it is likely to rebound, continuing high-level fluctuations and tempting long positions. After reducing positions at 108,000, set a breakeven stop loss, and then short again at higher resistance levels, watching as we go! If it goes down and breaks below 108,000, we can increase our short positions during the decline, looking down to 106,000 and 105,000.

Ethereum has also shorted again near 2,600, and we can look down to 2,520 and 2,500. The market must break below this level to go short; otherwise, it could easily rebound and fluctuate repeatedly. The resistance above is at 2,620, 2,670, and 2,730, and we can try to participate in shorting at these levels. The support below to watch is at 2,520, 2,450, and 2,380. The short positions are the same as Bitcoin: reduce positions at 2,520, and if it breaks below 2,500, we look for a significant drop to 2,380. If it does not break below 2,500, reduce short positions during a rebound and look for opportunities to participate in shorts at higher resistance levels.

Personal opinion: Do not get too excited, and avoid heavy positions! #非农就业数据来袭