Crypto Zhongliang: Midnight BTC/ETH Market Insights!

CN
3 hours ago

The market's intraday volatility is not large, with repeated fluctuations. Last midnight, I shorted at 96800 and 3400 for Ethereum, and I wasn't trapped; I was able to take some profits. Ethereum also entered again at over 3280, and I managed to take some profits there too! Currently, the price is around 96600, and I still treat it as a range-bound fluctuation at midnight, without overly speculating on which side it will break!

The 4-hour Bollinger Bands for Bitcoin are currently opening upwards on all three bands, but the bullish MACD energy has been continuously shrinking. Both KDJ and RSI show a trend of slowing down. Therefore, chasing the rise is not suitable; high-level repeated fluctuations and pinning may indicate a sideways movement instead of a drop, or it could be a trap for bulls. It's better not to be too aggressive in chasing the rise and to patiently wait for a pullback to go long! On the hourly chart, after the spike to 97900 yesterday, the upper band has been declining, but the bearish MACD energy is increasing. The indicators are currently conflicting and tangled, so it's better to be cautious in operations at midnight!

If you want to participate in high shorts, then pay attention to the resistance at 98000 and 99000 above. Engage in high shorts around here, targeting down to 97000, 96000, and 94500.

If you want to set up for low longs, then pay attention to the support at 94200 and 93200 below. Try low longs around here, targeting up to 95500, 96500, and 98000.

If you want to do high shorts for Ethereum, pay attention to the resistance at 3400 and 3440 above. Engage in high shorts around here, targeting down to 3350, 3300, and 3250.

If you want to set up for low longs for Ethereum, pay attention to the support at 3230 and 3180. Target up to 3300, 3350, and 3440.

Some say they want to be a light, some say they want to face the light, but I want to be a person with my back to the light. If I shine, I can illuminate others, but I might also accidentally lose myself. If I walk towards the light, I will shine brightly, but I may not see the road ahead clearly due to the dazzling brightness. Only by turning my back to the light can I see the world clearly, understand the gains and losses, and comprehend what I truly want. Efforts that yield results are training, while efforts without results are tempering. Regardless, every encounter is an indispensable element of your life.

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