Market analysis at midnight, how will the market move next?
The main digital currency today dropped to a low of around 92200 and started to rebound, reaching a high of around 97800 before retracing. The low has rebounded back to 5400 points. Currently, the main digital currency faces resistance at 97800, strong resistance at 99000, and short-term support at 94800, 93700, with strong support at 92300.
Key attention should be paid to the turning point at 99000 above. A rise must break through 99000; if it does not, the downward trend will be reversed, and if it cannot break this level, it will come down again.
The second digital currency today hit a low of 3100 and started to rebound. As of now, it reached a high of around 3500 but did not go up further and has slowly retraced a bit. The second digital currency has short-term resistance at 3500, with support at 3220, 3100, resistance at 3500, and 3550.
Currently, Ethereum is focusing on the important level of 3550. If it breaks through 3600 and stabilizes, the downward trend will reverse. In the short term, the main strategy is to buy on dips; if it does not reverse, the main strategy is to short on rallies.
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