Midnight BTC/ETH Market View:
The market fluctuates back and forth, leaving retail investors confused. Do not chase after rising or falling prices. For Bitcoin, the upper resistance still focuses on 120000 and 121000. If taking a short position, plan around these levels for more stability. If it moves down, there are profits; if it goes up, set a stop loss to limit losses, which shouldn't be too significant.
For support below, pay attention to 116000 and 115000. If it pulls back without breaking these levels, look to catch a rebound. If it breaks, accept the loss. Try to avoid participating in other middle positions, as they are not easy to manage. Hold on.
Ethereum is even more volatile. This morning, it rebounded to around 3764, looking to test 3800, but then began a downward oscillation, reaching a low of 3580 before stabilizing. Currently, the price is around 3620. At midnight, it's crucial to monitor whether it can hold above 3600. If it doesn't break down, it can rebound; if it breaks, it may lead to a deeper pullback, testing 3400 or even 3100. Therefore, if holding a long position in Ethereum at 3620, ensure to set a stop loss, with 3560 being sufficient.
If it breaks below 3560 for the long position, then one can only look for lower supports to set up new longs at 3500 and 3460. If it breaks below 3400, then the strategy will shift to taking shorts tomorrow, and further down it will need to test the daily K-line mid-support at 3100.
Bitcoin and Ethereum must be treated differently; the market is unpredictable, so avoid chasing after rising or falling prices. If you miss an opportunity, just wait for the next. When the price reaches a level, set the stop loss if needed, don’t hold back. Currently, Bitcoin held at 120000 for a short position has yielded profits, while Ethereum held at 2620 for a short position is in a floating loss situation. Set a good stop loss and leave the rest to time. Good night, everyone!
