Just lay down when I was woken up by the alarm. It turns out that the short position has eaten up the profits again! At midnight, I shared a high short strategy with everyone, clearly telling everyone that the rebound is not a reversal. Ethereum short at 3680, Bitcoin short at 107500, has anyone eaten up the profits? Did everyone keep up? Proceeding as planned, reducing positions, holding on, looking down! The long-term target for the short position is 100300 and 3400. Can you hold on? #币安HODLer空投MMT

Midnight BTC/ETH Market Viewpoint:

The market is declining as expected, with a correction from an oversold position. A slight rebound is normal; do not mistake the rebound for a reversal. The bottom has not yet appeared, and one should be cautious when trying to catch the bottom—beware of being caught! It's been a continuous downtrend, and everyone has witnessed this amidst doubts, with shorts from last week at 115000, 113200, and 111500, and Ethereum at 4220 short. On Saturday, a short at 3900 was initiated, and we continue to hold downwards, aiming for Bitcoin at 100300 and Ethereum at 3400. If these levels break, there will be significant space below. The monthly support level is at 89000 for Bitcoin, and Ethereum is at the 3100 level; it’s not impossible to see further downward steps!

For those without short positions, the only option at midnight is to wait for a rebound to go short. Shorting is always more cost-effective than chasing down. The hourly chart for Bitcoin shows an oversold correction underway, and at midnight, the resistance above is at 107500, 108500, and 109500. Short positions should be entered around these levels, with support below at 106000, 105000, and 103000.

For Ethereum, midnight resistance levels to watch are 3680, 3740, and 3830; short positions should be entered around these levels, with support below at 3600, 3550, and 3400.

Zhongliang has been continuously urging everyone to short. He also shares ideas through daily live broadcasts. Friends who like Zhongliang and have made profits, please give a free thumbs up or use the invitation code to join and enjoy discounted transaction fees. Invitation code: ZL168
#币安HODLer空投MMT