Midnight Tuesday Bitcoin Ethereum latest market analysis and trading suggestions

The Bitcoin market surged strongly after the US stock market opened in the evening. In Lao Tian's evening strategy, it was mentioned that one could try to go long with a small position to watch for a wave rebound. During the evening's actual trading, a surge has already reached around the high point of 106775. The long positions that Lao Tian has set up in actual trading have gradually exited, while friends who are stuck in short positions can increase their positions to average down and wait for a pullback. Pay special attention to the resistance point around 107000.

The current market shows that the price is facing strong selling pressure at the key resistance level of 106600, with intense long and short battles. Although the candlestick has attempted to rise multiple times, it has closed with long upper shadows, indicating effective resistance. This area, as a previous dense transaction zone, has accumulated a considerable amount of trapped positions, forming a substantial psychological defense line. In the absence of major positive drivers, the market needs time to digest the pressure. In the short term, the price is expected to first retrace to the support area of 105000-104800 to build momentum and cleanse floating positions.

Operational Strategy:
Short in the range of 107000-106700 for Bitcoin. If it breaks above 107000, increase the short position with a target of 105000.
Pay close attention to the support at 104800. If a clear signal of stopping the decline appears, you can reverse and go long to capture the breakout opportunity.
Short Ether around 2650, target 2550.
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