The midnight Bitcoin market is quite turbulent. Although the volatility is slightly smaller compared to last night, there is still nearly two thousand points of room for operation overall. We maintained a low long strategy at midnight, successfully capturing the continuation of the bullish trend, easily gaining over a thousand points in profit. When the market retraced afterwards, we took the opportunity to enter short positions, again earning hundreds of points in profit from the decline. I believe that whether you are enthusiastic about midnight trading or an early riser making trades, as long as you follow the points I provided for operation, the profits will surely be considerable.
From the current market situation, it can be seen that the market has entered a consolidation and repair phase. The Bollinger Bands on the hourly level are trending upward, with the price running between the middle and upper bands. The buying and selling momentum is relatively balanced and there is no significant increase in volume, indicating that the market is stabilizing. From the four-hour level, it can be observed that the market has attempted to break the previously mentioned 99000 level twice at midnight without achieving an effective breakthrough. The resistance above is significant, and a thorough breakthrough still requires accumulation of strength. We maintain a bullish outlook for the morning layout and will continue to use a low long strategy for operations.
Bitcoin: 97200 - 97600 long, target looking towards 99500.
Ethereum: 3420 - 3450 long, target looking towards 3550.
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