Midnight BTC/ETH Market Analysis:

Bitcoin fluctuated at high levels during the day, attempting twice to break above the 70,000 resistance level, reaching a high of around 70,300. The price steadily moved upward from around 67,500 but failed to stay above 70,000, showing a sluggish and dull trend...

On the 4-hour chart, the price attempted to rise but then pulled back. After testing the upper band resistance, it has now fallen below the upper band. The KDJ and RSI indicators are in overbought territory and turning downward, while the MACD bullish momentum is decreasing. The hourly chart shows a pullback after encountering resistance at the upper band, currently testing the middle band support. The KDJ and RSI are turning downward, and after MACD divergence, bearish momentum is increasing. The market has risen and then fallen back, indicating a correction is needed during midnight. Trading-wise, the main strategy remains shorting from higher levels!

For the day, I recommend shorting at 69,500 and 2,150. Those who have already shorted can hold their positions. If you don’t have a short position, watch for resistance around 70,000 and 71,500 for potential short entries. Support levels are at 69,000, 68,000, and 66,000.

For Ethereum, resistance is at 2,170 and 2,220. Consider shorting around these levels. Support levels are at 2,100, 2,050, and the 2,000 mark.