Midnight Thoughts and (Tuesday Sections)
Yesterday at midnight, a trip on the "Descent Car" occurred, with Bitcoin being pulled from the 120799 line to the morning's 118050 line. Then, during the day, it oscillated in the consolidation area, maneuvering strongly around 118000 to 119200. After the evening CPI was released, it quickly rebounded to the 120163 line but has not stabilized. Currently, it is vacillating around 119550. Ethereum dropped to the morning's 4185 line and then rebounded to a high point of 4488, but has stalled, currently fluctuating around 4444. Yesterday, Old Zhao consistently planned short-term high momentum strategies within the range, with the strategies landing accurately. Bitcoin completed 3 trades, accumulating over 1700 points; Ethereum executed two trades, capturing over 169 points.
From the current market perspective, the hourly chart shows that both the upper and lower bands are expanding outward. The market is running along the upper band of the Bollinger Bands, with a slight upward space in the short term. The position at 119500 has a high likelihood of strong support in the short term. The impact of the US CPI bomb released in the evening is still significant, and the current trend remains relatively strong. The pullback after the surge to the support point is a short-term accumulation of energy. For midnight operations, Old Zhao suggests mainly taking a low long approach,
Buy Bitcoin around 119500 to 119200, with a focus on 121000.
Buy Ethereum around 4450 to 4420, with a focus on 4500.
