Good morning everyone! I overslept today. The morning news + review is here.
Let's briefly review the operations from last night. Bitcoin at 76,000 is still hovering around this area. The short-term short position is not very strong. If you're considering short-term trading, just exit. We need to test the high points. Ethereum gave a long position at 2780.2750. I set my order lower at 2758 but didn't get it. 2780 has a real big position. Congratulations!
Everyone please pay attention if you haven't already. Hit the like button. Thank you all!
$BTC Today's pressure levels for Bitcoin are around 76,300, 77,000, and 78,000. The upper resistance levels are just based on feeling since it's been at a new high. The lower support levels are at 75,500, 74,700, 73,500, and near 72,800 for strong short-term support.
$ETH Ethereum's upper pressure levels are around 2,930, 2,950, and 3,000 as the first major resistance area after 2,800. The lower support levels are at 2,900, 2,855, and 2,830. The area around 2,800-2,780 can be considered strong short-term support. It's still quite strong; if it tests three times, it won't break.
Today's trading strategy: Of course, for stability, it's better to stay out and watch. Bitcoin is still testing for short positions. The area given last night around 76,000 is still valid. For stability, try shorting again at 76,500-76,800. So where to take short-term profits? Let's first look at 74,700 here. If it doesn't break here, just take profits. If it breaks, then look at the area around 73,500-72,800. For Ethereum, I won't short it in the short term. If you want to go long, keep an eye on around 2,850 or 2,830. Make sure to set your stop loss well. Ethereum is very strong in its rebound. Try to avoid going short. If anyone has questions, leave a message!