Midnight BTC/ETH Thought Guide:
Midnight thoughts, just a simple chat with everyone! It's already Saturday, and after the big movements on Thursday and Friday, the activity over the weekend might not be too significant. The current market's main rhythm is still likely to be bullish; we won't guess the top or fear heights, but we also shouldn't mindlessly chase after longs. Otherwise, if liquidity is low over the weekend, a pullback could happen, and being stuck after chasing high prices might be a bit uncomfortable!
In the past 24 hours, over 251,000 people were liquidated, with short positions accounting for $690 million and long positions for $350 million. In the past 12 hours, short positions were liquidated for $290 million and long positions for $240 million. In the past 4 hours, short positions were liquidated for $36.16 million and long positions for $76.24 million. It's crucial to stay alert; we are not in an infinite bullet mode for climbing ranks!
Bitcoin has support at 102,000 and 101,200, with the next key level being 100,000. Low longs can try to position around these levels, targeting 103,000, 104,000, and 105,000.
For Ethereum, the support levels to watch are 2,270, 2,220, and 2,180. Long positions can try to participate around these levels, targeting 2,320, 2,400, and 2,480.
The above is just a personal opinion; the market is volatile with big ups and downs. Everyone must remain rational, avoid getting overly excited, reduce leverage, and manage positions well. Wishing everyone a pleasant weekend! #本周高光时刻 $BTC
