The drama of the midnight market is indeed very thrilling, with Bitcoin and Ethereum both experiencing significant upward movements, and Ethereum once again breaking new highs, refreshing the peak of the market. Bitcoin is purely exhilarating, with a spike at midnight piercing our hearts, and the lowest point has retraced from the 110400 level, creating a stark contrast between the two. This spike and retracement were warned in advance to friends last night, reminding everyone that the overall market momentum is about to shift towards bearish, and the market rebound presents a shorting opportunity. Did everyone grasp it?
Currently, the market is in the recovery adjustment phase after the spike; the downward space after the midnight spike has clearly been broken, and the space has been evidently provided to us. From the hourly level, the market is distributed in the lower area of the Bollinger Bands, and currently, the market is showing a cross bearish candlestick pattern, indicating that market momentum is about to gather strength for another explosive trend. From the technical indicators analysis, the market is distributed in the lower area below the zero line, with the bearish histogram corresponding to the overall market, and the fast and slow dual lines continuously probing downwards, with the bearish trend dominating the market.
Monday morning operation suggestion: Bitcoin 113800-114200 range short, target 110000
Monday morning operation suggestion: Ethereum 4830-4860 range short, target 4650
