Midnight BTC/ETH Market Insights:

Bitcoin continues to oscillate around the range of 120,000 to 116,000, repeatedly testing back and forth. As long as the range is not broken, we should refrain from rashly speculating on the direction. As the saying goes, horizontal consolidation at high levels, correction, and oscillation are all signs of strong bullish sentiment. As long as it is not a drastic event like a crash, it can all be viewed as building momentum, using oscillation instead of decline. In terms of short-term operations, there are still opportunities for both high short and low long positions.

For resistance above, pay attention to 118,800, 119,800, and 120,500; engage in high shorts around these positions.

For support below, focus on 117,000, 116,000, and 115,000; for low long positions, observe these levels for entry.

Ethereum once again faced resistance around the 3,878 level and pulled back. The recent trend is a continuous V-reversal, so be sure not to chase after rising prices or sell off in a panic, as it can lead to frequent losses.

For resistance above, still pay attention to 3,880, 3,950, and 4,000; refer to these levels for high shorts and find entry points.

For support below, focus on 3,720, 3,650, and 3,600; for low longs, watch for testing at these retracement levels before entering.

In a volatile market, both longs and shorts can find profit opportunities. Currently, according to Coinglass statistics, there have been more liquidations of long positions during the day. Do not aggressively chase after rising prices too close to resistance levels. In the past hour, long positions worth 2.5026 million USD have been liquidated; in the past 4 hours, 56.1129 million USD; in the past 12 hours, 72.3073 million USD; and in the past 24 hours, 300 million USD in long positions have been liquidated, affecting over 118,596 individuals. I hope none of you have lost real money in this situation! #美国初请失业金人数