Midnight BTC/ETH Market Outlook:

The intraday volatility is not significant. After spiking above the 70,000 level yesterday and then retracing, the current range remains between 65,000 and 70,000. At this position, chasing short positions is not suitable, as there’s little profit to be made. To avoid getting caught off guard, the strategy should be either to go long at higher levels or wait for a breakdown before considering short positions.

Currently, the price is around 66,500. If you chase short here, how is that different from yesterday’s rebound at 70,000, shouting “bull back,” and then aiming for 100,000—those same retail investors? The market is never about chasing after a drop to short or buying after a rebound. Instead, it’s about rationally observing, analyzing recent trends and space, and avoiding subjective guesses that it must go up or down. During a retracement, watch the support levels. If the bulls are in control and you want to go long, don’t break the support—try to catch the rebound and go long. If the support breaks, then short—small positions to chase the break. During a rebound, also observe the strength of the bounce; if it’s strong and the price hits resistance, wait for a short opportunity. If resistance holds and the rebound is suppressed, go short. It’s not complicated—manage your positions, set stop-losses, and let time verify the trend. Every trade is a process of trial and error!

For tonight’s strategy, either wait for a rebound resistance level to go short at a high point. Resistance above is around 68,500 and 70,000—enter short positions around these levels. For ETH, resistance is around 2020 and 2100—look for short entries around these levels.

Alternatively, if the price breaks below a key support level, with support at 650,000 below, after multiple tests without breaking it, then consider a small short. For ETH, support is around 1900—if it breaks below, then consider a small short.

The market remains in a range of oscillation, with significant disagreement between bulls and bears. The bulls believe that indicators suggest a rebound demand, and prices should go higher, but the price isn’t moving up—just a paper tiger, loud thunder but little rain, a bluff to lure in buyers. As the saying goes, “The longer the sideways movement, the sharper the fall,” and the wider the sideways range, the longer the fall. On the other hand, bears think that the lower lows haven’t been broken, and the market is consolidating and preparing for a bottoming process. Until a clear breakout occurs, no one can convince the other! #元宵赏月领红包 $BTC