This market range is really hard to look at—it's extremely lackluster. There's been no sign of improvement, and there's no need to say much about how strong the midnight market repair has been. After BTC briefly surged and hit the 77,000 high-pressure level, it then dragged its feet and slipped back to around 76,300. What followed was a long period of tentative support testing. As for ETH, it had absolutely no independence— it simply synced the market bottom at 2435.
In the midnight session, I reminded everyone that yesterday’s daytime short positions were managed to break even before exiting and then switching to a long setup. But the market never really offered an ideal entry opportunity. Only in the morning did it finally present a chance to open a first long. In terms of real-time execution: after the morning dip to around 76,300, we successfully laid in long positions at the start stage.
Right now, the market is still not showing any momentum. It keeps testing and probing for a base around 76,300, though there has been some stabilization effect. Each time it tested, it managed to stand firm at this level. Overall market structure has been steadily advancing upward: the resistance and overhead high-pressure zones have been repeatedly broken, and the continuation of the bulls’ pace has been quite ideal. On the daily timeframe, the price has bottomed and rebounded. After the candlesticks briefly probed the lower band, they formed a consecutive bullish rising pattern. While the strength is limited, that’s also within expectations. After the earlier rate hike was delivered, some market participants were still observing, so liquidity naturally remained rather sluggish.
As for how to position the market under this setup, we can follow the trend by relying on the base support level to go long.
BTC long in the 76,300–76,000 range Target: 77,500
ETH long in the 2,440–2,430 range Target: 2,490
#比特币突破77000美元 $BTC $ETH #Paradigm披露持有ZEC
In the midnight session, I reminded everyone that yesterday’s daytime short positions were managed to break even before exiting and then switching to a long setup. But the market never really offered an ideal entry opportunity. Only in the morning did it finally present a chance to open a first long. In terms of real-time execution: after the morning dip to around 76,300, we successfully laid in long positions at the start stage.
Right now, the market is still not showing any momentum. It keeps testing and probing for a base around 76,300, though there has been some stabilization effect. Each time it tested, it managed to stand firm at this level. Overall market structure has been steadily advancing upward: the resistance and overhead high-pressure zones have been repeatedly broken, and the continuation of the bulls’ pace has been quite ideal. On the daily timeframe, the price has bottomed and rebounded. After the candlesticks briefly probed the lower band, they formed a consecutive bullish rising pattern. While the strength is limited, that’s also within expectations. After the earlier rate hike was delivered, some market participants were still observing, so liquidity naturally remained rather sluggish.
As for how to position the market under this setup, we can follow the trend by relying on the base support level to go long.
BTC long in the 76,300–76,000 range Target: 77,500
ETH long in the 2,440–2,430 range Target: 2,490
#比特币突破77000美元 $BTC $ETH #Paradigm披露持有ZEC
