In the midnight market, overall trading has calmed down, with BTC consolidating narrowly in the 61,000–62,000 range, while ETH shows even more subdued movement, oscillating within a mere 20-point range. The midnight strategy already clearly defined upper and lower support and strong resistance zones, and the current market trend fully confirms the earlier analysis. Our suggested high-level short layout approach has already yielded hundreds of points in floating profit from short positions, and there is potential for further downside expansion.

Looking at the current market structure, BTC faced resistance after yesterday's upward move and shifted into a sideways consolidation, with the momentum of the midnight second rebound clearly weakening. On the hourly chart, the market shows a pattern of alternating bullish and bearish small candlesticks, with the MACD fast and slow lines and KDJ lines forming a death cross convergence and continuing to diverge downward, gradually releasing bearish momentum. The price is about to test the mid-band support of the Bollinger Bands again. If this level is effectively broken in the early market, the current news-driven rebound will essentially come to an end. For early market operations, we maintain a bearish outlook. $BTC $ETH