Midnight correction holds the intraday support and can be viewed as a short-term bullish trend. The focus is on whether the resistance can be broken!

The Bitcoin market has also been oscillating and correcting around the support near the daily MA200 after the previous evening's rise. The short-term support below is still relatively obvious, and the current daily oscillation has not effectively lifted the support of the MA5 moving average below, which is the reason for the continued short-term oscillation. The overall indicators below are also in a low-level upward state. For the intraday market, the strength of the rebound can be observed. Aggressive traders can enter long positions near 28400 now, and the upper resistance target is around 29000. If the upper resistance can be broken, the long-term trend can continue!

The Ethereum market also experienced a round of downward probing in the midnight, and is currently in a state of bottom support and consolidation. As mentioned in yesterday's evening market trend, there will be a round of bottom support and consolidation in the short term. The bottom support is around 1560. Holding the support can lead to a rebound. The overall market is oscillating around the support below and consolidating within the range. The short-term support below is still relatively obvious. For the intraday market, it is currently oscillating around the support below. The short-term rebound strength can be observed. Long positions can be entered around 1564 to observe the rebound strength. The upper resistance is at 1600-1610, maintaining consolidation within the range and waiting for the breakout of the upper resistance to continue the upward trend!

(Due to the impact of timeliness, the article is recommended for reference only)

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