Midnight BTC/ETH Market Outlook:



Today’s intraday strategy is to look for shorting opportunities. Bitcoin dipped to around 64,900 early in the morning and then quickly rebounded. The overall trend for the day is a sideways upward movement, but the rebound strength is not very strong. As I emphasized earlier today, indicators lag behind; prices move up first, then indicators start to show correction signals. However, the bullish momentum is insufficient, so don’t chase the rally!

The intraday high rebound is around 68,100. Currently, the price is fluctuating around 67,500 for consolidation. My outlook remains unchanged: focus on shorting. Resistance levels are at 67,500, 68,500, and the 70,000 mark. Consider entering short positions around these levels. Support levels to watch are at 66,500, 65,000, and 64,000.

Ethereum’s intraday high rebound is around 2,086. On the hourly chart, the strength of the rebound is weakening. As mentioned earlier today, resistance levels are at 2,080 and 2,120. Consider shorting around these levels. Support levels are at 2,000, followed by 1,950 and 1,900.
BTC1,14%
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