Good morning everyone, today’s morning report + review is here.
Sorry for being late, I’ve been busy outside this morning. Let’s briefly review: last night, the short positions made quite a profit. In the early morning, there was another opportunity to enter, but I lost my cost. I didn't continue trading while I was sleeping. Profit was 2000 + 3000, with Bitcoin profit at 5000 points, and Ethereum profit at 150+. This morning, I shorted Ethereum again with a profit of 70+. The whole process was free; just a little attention is needed.
Look at Bitcoin's resistance position at $BTC . Recently, it has been in significant sideways movement. Let's see if it can break out today or tomorrow. Resistance positions: 91800, 92800, 93500-94000 heavy resistance at new highs. Support positions below: 91000, 90000, 89500, 88666, 88100, 87200.
For Ethereum at $ETH , it gave a false impression of a rebound this morning. Ethereum's rebound is just a facade. Resistance positions: 3168, 3200, 3225, 3250. Support positions below: 3125, 3100, 3070, 3038, 3000 short-term strong support.
For SOL at $SOL , it rebounded quite a bit yesterday but started to weaken after midnight. No operations in the short term. Simply put, resistance positions: 241, 245, 248-250, 255, 260 new highs. Support positions below: 238, 234.5, 230, 226.
Summary of today’s thoughts: Overall, there is significant fluctuation. It doesn’t matter if it’s high short or low long, I won’t act as the eternal profit blogger who captures every long and short. I only do one thing: primarily high short. Short Bitcoin at 91800-92500. Stop loss at new highs. Take profit looking at 90k-89k first. Ethereum is also a high short at 3200-3220. Stop loss at 3250-3260. The stop loss is not much. The risk-reward ratio is favorable. Take profit at 3150-3100-3070-3038-3000. If I have to choose one, I think shorting Ethereum is better. If anyone has questions, feel free to leave a message!