The tense rhythm of the workweek has finally come to an end, and the comfort of the weekend has quietly arrived. All traders may take a moment to rest. Have a pleasant weekend.
The evening market experienced a wide range of fluctuations: prices first rebounded to 3675 near 3605 due to bullish strength, then fell back to 3562, after which it rebounded again to around 3655, ultimately closing around 3580. Overall, a downward fluctuation trend is observed, with moving averages gradually moving downward, while another key range of 114000-116000 also maintains a wide fluctuation pattern.
Currently, the candlestick shows a cross candle with a long lower shadow, with bearish strength continuing to increase pressure. On the four-hour level, after a decrease in bearish volume, a bullish candlestick rebound appeared, but the pressure at 116000 above still needs to be closely monitored, while the short-term support below is at 114000; on the hourly level, bullish strength is increasing, with pressure above at 116300 and support below at 114300.
Midnight trading strategy:
1. If the market rebounds to the 115800-116300 range, pay attention to the support area below at 114300-114800.
2. If the price rebounds to around 3638-3668, consider setting up a short position, targeting the 3588-3558 area.
Overall, the market is still in a phase of range-bound downward fluctuations. It is recommended to adopt a high short and low long strategy, keeping a close eye on the two key support levels of 114000 and 3560. Be sure to manage risk well, and realize profits promptly within the range. #BTC走势分析 #ETH