BTC and ETH represent 67% and 13% of the total crypto market cap respectively👀‍‍‍‍‍ #CryptoObservers

Midnight BTC/ETH Market Outlook: Bitcoin has been smoothly declining intraday, with a continuous surge of bulls. Yesterday, I suggested shorting at 70,000 and advised gradually reducing positions. Support levels are seen at 67,000 and 65,000, with a lowest retracement to around 65,600. Those who followed the short positions enjoyed the gains. Ethereum broke below 2,100 to short, with a target of 2,000. The lowest retracement was around 1,966, and those who followed the short enjoyed the gains again! Currently, the price has stabilized with a slight rebound, but this is not a reversal. For those without short positions, the resistance area above is still a good shorting zone. On the hourly chart, a single candlestick closed as a bullish doji star. The price has returned above the lower band, and after oversold signals on KDJ and RSI, they are turning upward. MACD's bearish momentum is shrinking, indicating a correction is needed. On the 4-hour chart, the price broke below the lower Bollinger Band, RSI turned downward, and MACD's bearish momentum continues to expand. No clear sign of stabilization yet. The recent four large red candles have pushed through the lower band, showing a strong downtrend. Therefore, rebounds are still opportunities to short, and it's not time to go long yet. The decline is not complete. Of course, all analysis is just paper tigers in the face of news. If the market's news turns positive again, such as some peace talks, we might see another big bullish candle. Bulls are ready to rally. So, in trading, always control your positions and stick to strict stop-loss rules. Zhongliang can only provide some simple personal insights based on the market, for reference only! For Bitcoin at midnight, watch the resistance levels at 66,700, 67,500, and 68,500. Consider shorting around these levels. Support levels are at 65,500, 64,000, and 62,500. For Ethereum, focus on resistance at 2,010, 2,050, and 2,100. Short around these levels for potential entries. Support levels are at 1,960, 1,920, and 1,860. #成长值抽奖赢金条 $BTC

$ETH Feeling uncomfortable