BTC/ETH Midnight Trading Strategy:
After Bitcoin surged to a high of 108366, it has retraced, facing resistance from the upper band on the daily chart and the middle band. The price seems to be testing the lower band support demand further. The weekly chart is under pressure from the upper band and has retraced, with MACD bullish energy diminishing and KDJ forming a dead cross moving downward. Currently, it appears that this round of short selling is not yet over, so caution is advised when attempting to bottom out, or it may easily turn into a forced liquidation!
On the short term 4-hour level, the Bollinger Bands are narrowing and moving downward. During the day, the price is persistently pressured below the middle band. Key support levels to watch are 93700 and 92200 to see if they can hold. If they break, the price will test the level around 90200, which is approximately the 9000 mark. The main strategy is to prioritize short positions.
For Bitcoin, consider entering short positions at 96700 and 97700, targeting lower levels at 95000, 93700, and 92200. If these levels break, watch for 90200.
For Ethereum, enter short positions at 3380 and 3440, targeting lower levels at 3250, 3190, and 3100.