$BTC Sunday Midnight Thoughts:

Some people become rich overnight, achieving financial freedom; while others find themselves trapped, with their assets significantly shrinking. But you should know that what truly determines your success or failure in the crypto world is not those complex technical indicators, nor the overwhelming amount of rumors, but your mindset.

Good evening everyone! Looking back at Saturday, after the price peaked at the 115700 area, bullish momentum weakened, leading to a downward trend, with a minimum dip to 112600 before entering a range-bound state. Currently, the price is stabilizing around 112700. Ethereum follows a similar trend to Bitcoin, with Ethereum reaching a high of 3630 before dropping to a low of 3429, and then entering a consolidation phase, currently stabilizing around 3460.

From the four-hour perspective, the price continues to run below the middle band, indicating that bears dominate the market, and bulls are temporarily unable to organize an effective counterattack. Additionally, the Bollinger Bands are expanding, indicating that price volatility is ongoing, and suggesting a tendency to continue developing along the current trend in the short term. The DIF line is below the DEA line, with a tendency for further widening, while the MACD histogram is below the zero axis and continuously elongating; all these signals indicate that the market is in a clear bearish trend. From the one-hour perspective, the upper resistance level is the middle band of the Bollinger Bands at 113588, while the strong support level for the price is around 112700. If the price effectively breaks below 112700, it may seek support at levels such as 112000. The thoughts for Thursday midnight could revolve around short positions.

Bitcoin: Short around 113500, target 112000

Ethereum: Short around 3460, target 3380