Thursday Midnight Bitcoin and Ethereum Market Analysis and Daily Summary
Looking back at the bearish outlook provided in the evening, the current market is still dominated by bears. During the day, the market showed a range-bound oscillation pattern. Although there were multiple rebounds for correction, the pressure from above is significant, and the bullish momentum is clearly weak. In the afternoon, Lao Tian suggested trying long positions with a light position, and the market rose as expected, reaching around 105,800. Subsequently, Lao Tian clearly advised to exit long positions in the evening market and recommended entering short positions at the current price. Friends who followed the strategy have responded with both long and short positions and have gained quite a bit, with over two thousand points captured in the actual market layout. For the midnight strategy, we maintain a high short and low long approach. For aggressive traders, it is still possible to try shorting with a light position at the current price; for conservative traders, it is recommended to wait for a clearer rebound signal before choosing to enter.
Bitcoin is currently showing a weak structure, with significant declines and insufficient rebound strength, and the downtrend is clear. In this context, a rebound is a good opportunity to short, and operations should mainly focus on shorting. In a weak pattern, even if a rebound occurs, its space will be limited. The 4-hour level shows a clear downtrend, and during midnight, attention should be paid to the rebound market, with precise timing for shorting. It is recommended to strictly set stop-loss orders and flexibly adjust strategies during midnight.
Operational Suggestions:
Bitcoin range 105000-105500, target 104000
If it breaks above 105500, increase short positions
Ethereum range 2620-2650, target 2580.
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