Is the rebound of $BTC $ETH all just a 'smoke screen'? During this midnight pullback, some are laughing until the end, while others are panicking until dawn. 8.18 Tuesday midnight Bitcoin and Ethereum latest market trends real-time analysis and trading suggestions:
Those who chased highs during the day are still trapped, tossing and turning in their positions, while those who tried to buy the dip just wanted to catch their breath but were pushed down again. Looking back at Tuesday, Bitcoin showed significant volatility, dropping from a high of 116987 to a low of 114364 before stopping the decline, rebounding to 115872 in the evening, and currently experiencing a slight pullback with intense long-short battles. Ethereum dropped from 4387 to stabilize at 4193 during the afternoon, then rebounded to 4339 in the evening, and is also facing a pullback now. On Tuesday, Qianyu led students to operate Bitcoin with two long positions and one short position, capturing over 4100 points of space; Ethereum operated synchronously, also gaining over 320 points of space.
From the current market perspective, although the current pullback has not yet broken the low of 114364, the trading volume during the rebound phase has not significantly increased, and there are signs of increasing selling pressure during the pullback. If the support is broken subsequently, it may test the integer level of 114000 below. Currently, the intraday trend has formed a pattern of rising and falling back with weak rebound strength, and the K-line structure shows a downward shift in highs, indicating that bears dominate the short-term rhythm. If the low-volume rebound continues at midnight followed by another drop, bearish signals will be strengthened. For midnight operations, it is recommended that Qianyu adopts a low-long strategy.
Midnight strategy for Tuesday:
Short Bitcoin around 115500, aiming for 113500.
Short Ethereum around 4300, aiming for 4150.