Looking at the 4-hour chart, a significant bearish candle has broken through the midline from top to bottom, leaving a long lower shadow, marking a temporary pause in the short-term downward trend.
Although the trend has declined, the overall direction of the Bollinger Bands has not changed, indicating that the release of bearish strength has slowed down.
There are expectations for a rebound in the current market, and it may continue to test the stability of the support level below.
Therefore, during the midnight period, it is recommended to focus on a range-bound approach and not to over-interpret a one-sided trend.
For Bitcoin, consider buying around 96,000, with the initial target set at 98,500-99,000.
For Ethereum, consider buying between 2,670-2,700, with the target focused on 2,800-2,850.