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Tuesday Night Bitcoin and Ethereum Market Outlook
Bitcoin and Ethereum have been moving in a high-level oscillation correction structure after a surge, with the bulls' momentum clearly slowing down after continuous rises.
Selling pressure gradually appears above, and several rebounds have failed to break through effectively, indicating that funds are becoming cautious.
Tonight's focus is on the quality of the rebound. If trading volume cannot keep up, the market is likely to revert to a bearish trend.
Bitcoin's resistance is around 74,800 with an ultimate pressure near 75,800.
Key support is around 72,000.
For tonight's trading, consider shorting on rebounds near 75,000 resistance.
If it strongly rises to around 75,800, it remains a high-level shorting zone.
If it falls below 73,000, expect further decline toward 72,000.
Ethereum's resistance is around 2,400 with an ultimate pressure near 2,450.
Support below is around 2,300.
Trading can consider shorting in the rebound zone of 2,380–2,420, provided it does not break upward.
If it surges to around 2,450, it can be used as a defensive zone to add to short positions.
If it falls below 2,280, the downward space opens, targeting around 2,200.
Currently in a high-level oscillation phase, the trend is not smooth.
Operate mainly around the range, selling high and buying low, but overall leaning toward rebound and shorting.
Avoid chasing rallies or panic selling, and strictly control position sizes.