Midnight BTC/ETH Market View:

The 4-hour Bollinger Bands for Bitcoin have contracted, with the upper band opening downwards, but the lower band is opening upwards, indicating a rise. During the day, a rebound at 119700 faced downward pressure, and those holding short positions can continue to hold. In the evening, I will clearly inform everyone again that for Bitcoin at 118800 and 119700, those without short positions can enter to short. Currently, the market has dropped to the 117500 level, and shorts are also making a profit of over 1300 points!

For Bitcoin, the upper resistance to pay attention to is at 118800 and 119700. Do not consider chasing the rise at these two levels, but rather choose to short or observe, waiting for a pullback to test support before participating in the long side.

The lower support to pay attention to is at 116000, 115500, and 114500. If you want to set a low long position, you can consider participating at 115500 and 114500.

Ethereum's intraday high rebounded to around 3857. Yesterday at midnight, I advised everyone to set a low long position at 3680, which has brought a profit margin of 180 points on the rebound. Congratulations to those who followed the long position. There are no plans to short Ethereum as it is too strong, with the upper resistance at 3960 and 4110, so do not guess the top!

The lower support to pay attention to is at 3680, 3630, and 3500. As long as it does not break below 3500, it is just a normal pullback, and the strong bulls will not weaken. Currently, it is in a pullback phase. To be honest, there is not much confidence in shorting Ethereum. When Bitcoin moves sideways, it can pull itself up; when Bitcoin rebounds, it also rises, and even when Bitcoin pulls back, Ethereum still goes up. So it is better to miss the short position and wait at the support level to observe. #稳定币监管风暴