Midnight Bitcoin / Ethereum Market Analysis

Since this afternoon, Bitcoin and Ethereum have moved in sync, performing a "small high platform jump" together.

Initially, they declined slowly, then suddenly accelerated in the evening with a small waterfall drop, with the lowest reaching 87,500. After that, they rebounded slightly and are now consolidating around 88,000. This sharp decline directly broke through the lower Bollinger Band. In the short term, the recent low of 87,500 is an important support level, and the 88,800 level above is the first hurdle for a rebound.

Ethereum's decline is even more consistent, dropping from around 2,960 all the way down to 2,874, also breaking below the lower Bollinger Band. Its short-term support is at 2,870, with resistance at 2,940.

Trading volume has significantly increased during the sharp decline, indicating cautious market sentiment. In the short term, it is very likely to oscillate within a low range, waiting for a new direction.

Trading Suggestions

$BTC If Bitcoin retraces to 87,550, consider a small long position, with a stop-loss below 87,300; if it encounters resistance at 88,800 during a rebound, you can also consider a small short position, with a stop-loss above 89,100.

$ETH Ethereum can be lightly longed around 2,875, with a stop-loss below 2,850; if it encounters resistance at 2,940 during a rebound, consider a small short position, with a stop-loss above 2,960.
#ETH走势分析