The current market is experiencing intense competition between bulls and bears at a high level, with the overall trend still maintaining strength. Although the market has undergone some pullbacks, it has not completely erased the previous upward space, indicating that the bulls still have a certain advantage. However, multiple attempts to break upward have been unsuccessful, which suggests that there may be some pullback risk in the market.

From a short-term perspective, the market is showing a pattern of probing highs and closing low, indicating significant divergence and contention around the current price level. Therefore, we should first pay attention to the support level near 97500, which is the key support point for the market in the short term.

If the market can hold the support near 97500, then we can continue to be bullish and expect the market to further expand upward. Conversely, if the market loses this support level, it may turn into a pullback.

Thus, during the midnight period, we can continue to maintain a high short and low long strategy within the range.

Bitcoin: around 98000-97500, looking up to 99500, if broken, continue to look at 100000, if not broken, can directly 🈳

Ethereum: around 3450-3420, looking up to 3550, if broken, can continue to look up, otherwise can directly 🈳.