Bitcoin and Ethereum's midnight trends are synchronized, both rebounding to highs (Bitcoin 114961, Ethereum 4953), followed by a sharp drop under pressure (Bitcoin 110558, Ethereum 4708), currently warming back to around 113500 and 4800.
From the chart, the daily line shows two consecutive bearish candles, although the lower shadow indicates short-term support, the bearish pattern is gradually emerging; after five consecutive bearish candles on the four-hour line, there was a rebound, but much of the gains have been given back, with the MACD dual lines crossing downwards and the histogram expanding below the 0 axis, indicating an overall advantage for bears.
In terms of operations, the focus remains on short positions at high levels, paying attention to the strength of the rebound:
- Bitcoin: short near 114000-114500, short-term target 112500, swing target 110500, long-term target 108000
- Ethereum: short near 4850-4880, short-term target 4700, swing target 4550, long-term target 4300