Midnight BTC/ETH Market View:

These past few days, I believe everyone has been quite shaken, with the market fluctuating up and down, and the volatility not being significant. We can only take small bites and run. The market is clearly making a choice between long and short, indicating fierce competition. When the price drops, buying pressure immediately enters, and when the price rises, selling pressure immediately comes out. The market is also making choices and will soon reveal a direction. Everyone should be patient, manage their positions well, and not fall before dawn. Bitcoin is short at 109000, Ethereum is short at 2600. After reducing positions, you can continue to hold. If it rebounds, add to your positions to recover the reduced positions.

On the 4-hour level, Bitcoin's last candlestick formed an inverted hammer bearish line, and it is also under pressure from the upper trend line. However, the lower trend line is opening upward and has not declined, so we will see how it breaks the levels. On the 12-hour level, the price tested the middle support and then rebounded. The main idea at midnight remains high short; do not chase short positions, instead choose to ambush high shorts.

For upward resistance, pay attention to 109700 and 110400. If you don’t have a short position, you can ambush a short position here. If you have a short position, reduce it first and then add more shorts here.

For downward support, pay attention to 107300 and 106300. If there is a pullback and it does not break here, you can take a light position to go long. The market is testing back and forth, and we shouldn't speculate too much on which way it will break.

For Ethereum, the upward pressure to watch is 2640 and 2680. If you don’t have a short position, you can place a high short order here. If you have a short position, manage your position well and you can consider adding to your shorts here.

For downward support, pay attention to 2520 and 2475. If there is a pullback and it does not break here, you can ambush to enter long. The market is oscillating like this; for short-term trading, we can only go for high shorts and low longs, participating within the oscillating range.

On a larger scale, Zhongliang is bearish. Bitcoin approaching around 110000 should not chase the rise; this has been Zhongliang's consistent view recently. Currently, I still hold a short position at 109700 and 2595. If it goes down, I will reduce positions; if it rebounds, I will add to positions, managing the short positions well, and setting stop-losses. The rest will wait for time to validate. Do not excessively predict bullish trends, thinking the market must break new highs and reach 120000, nor excessively predict bearish trends, thinking the market must break below 100000. Do not chase the rise at high levels, and do not blindly short at low levels until it breaks previous lows. Adjust according to market changes and respond accordingly! #币安八周年