Midnight Friday Bitcoin Ethereum Latest Market Analysis and Summary
Looking back at the evening trading strategy, it perfectly manifested, with the actual trading touching the low point around 93,800 before quickly rebounding, reaching a peak around 95,700 and then pulling back under pressure. However, the downward movement faced resistance without any significant breakthrough, instead, the bullish momentum was relatively strong. Friends who followed the strategy should have gained a thousand points of space. The current actual trading is around 95,300, fluctuating and adjusting. We set up long positions last night, successfully taking profits this morning with a gain of 1,246 points. Subsequently, we continued our long strategy this morning, with Ethereum making a short-term setup and capturing another 1,800 points before taking profits. The intraday market is dominated by bulls, and our long trading strategy continues to win. In our midnight operation, we suggest trying short positions with light leverage to capture wave retracements and waiting for suitable points to set up long positions again.
Today’s actual trading set up two long positions, capturing 3,046 points of space!
Bitcoin has been continuously probing downwards these past few days, but basically, there hasn't been much effect. It can be seen that the bulls are still stronger than the bears, which is why we have been advising everyone to focus on long positions in recent days. The daily level is currently showing a trend of seven consecutive rising candles. Although there was a pullback after the high last night, the overall structure is undoubtedly still leaning towards the bulls. Continue treating it as a pullback for long positions in the early morning, and remember to maintain good defense.
Midnight short-term strategy:
Bitcoin light long in the range of 94,500-95,000, targeting 97,000.
To be safe, maintain a stop-loss at 94,500.
Ethereum synchronized, light long in the range of 1,750-1,780, targeting 1,900.