Is the rebound all just a 'smoke screen'? In the midnight dip, some laughed until the end while others panicked until dawn. On Tuesday night, real-time analysis and trading suggestions for Bitcoin and Ethereum:

Those who chased high prices during the day are still trapped, tossing and turning, while those who tried to bottom fish just wanted to catch their breath but were pressed down by the pullback. Looking back at Tuesday, Bitcoin showed significant volatility, dipping from a high of 116987 to a low of 114364 before stopping the decline, rebounding to 115872 in the evening, and currently experiencing a slight pullback amidst intense long-short battles. Ethereum fell from 4387 to stabilize at 4193 around noon, then rebounded to 4339 in the evening, and is also experiencing a pullback now. On Tuesday, Qianyu led students in trading Bitcoin with two long positions and one short position, earning over 4100 points; Ethereum followed the same strategy, gaining over 320 points.

From the current market perspective, the pullback has not yet broken below the low of 114364, but from the volume perspective, the trading volume during the rebound has not significantly increased, while there are signs of increasing selling pressure during the pullback. If it breaks below this support in the future, it may test the psychological level of 114000. Currently, the daily trend shows a pattern of rising and falling back, and the rebound lacks strength, with the K-line structure showing a downward shift in high points, indicating that bears dominate the short-term rhythm. If the volume continues to decrease during the rebound and then dips again, the bearish signal will strengthen. For midnight trading, it is recommended that Qianyu adopts a low long strategy to respond.

Midnight strategy on Tuesday:

Short Bitcoin around 115500, targeting 113500.

Short Ethereum around 4300, targeting 4150.