Midnight BTC/ETH Market Outlook: Today’s public post clearly indicates a short position on Bitcoin at 70,000 and Ethereum at 2,085. The market retraced to a low of 67,200 and 1,993 respectively. All short positions are profitable—Bitcoin gained 2,000 points, Ethereum gained 50 points—easy gains. Yesterday’s 10,000-point rebound caused stop-losses on shorts, but today the market finally turned back in favor! Zhong Liang emphasizes that a rebound is not a reversal. Even a 10,000-point rebound is not enough to change the overall downward trend that has yet to bottom out. The midnight strategy remains primarily high-level shorts. On the daily BTC chart, the Bollinger Bands’ three lines are still opening downward, indicating a downtrend. The MACD shows decreasing bearish momentum, but volume remains strong. The RSI, after being oversold at a low, has now turned upward. On the 4-hour chart, the upper and middle Bollinger Bands are still opening downward, and the price has yet to break above the middle band. The KDJ lines are converging and forming a death cross downward. On the hourly chart, all three Bollinger Bands are opening downward, and the recent rebound did not even reach the middle band, showing continued weakness. Yesterday’s 10,000-point rebound was just to boost bullish confidence and to shake out overly aggressive shorts. Bitcoin resistance levels are at 70,000, followed by 71,500. Short positions should be entered around these levels, with targets at 68,500, 67,500, and 66,000. Ethereum resistance levels are at 2,060 and 2,120. Short positions can be entered around these levels, with targets at 2,000, 1,950, and 1,900.

Our Liquidity Fair Oscillator LT had a BTC buy signal at the 73-62k zone as well, pretty cool as an additional confluence. For context, last buy it did was in March 2025 around 81-84k.

$BTC.D on the other hand just got a strong rejection at the support band and has printed it's first Zero-G bar since September. Red Zero-G candles are extremely bearish. Looks set to come tumbling down now.