Good evening everyone, today's evening report + recap is here
Let’s do a simple recap. The performance was quite average. Took profits on long positions too early this morning. Sold short when Bitcoin hit the top. Ethereum is annoying again with its rebounds. Let's wait for the performance after the US stock market opens.
Bitcoin pressure levels at 99000, 99500, and the 100000 mark. Support levels below at 97666, 97000, 96300, 95500, and 95000 as strong short-term support. Currently, the oscillation range is between 99000 and 96000. If all goes well, it might oscillate for about a week.
Ethereum pressure levels at 3500, 3530, 3550, 3575, and 3600. Support levels below at 3470, 3435, 3400, 3375, 3345, 3315, and 3280. If you don't like my directional view, you can refer to my support and pressure levels and trade accordingly. It's actually quite simple.
For short-term SOL, no operations are to be made. If needed, trade based on Bitcoin's levels. It's unlikely to have further rebounds in the short term.
Evening thought summary: the high short position remains the same as this morning. Let me mention my costs: Bitcoin cost is 98900, Ethereum cost is 3477. Currently, Bitcoin has a floating profit of 1%, while Ethereum has already stopped out with a 2% loss. It's tough! Friends with no positions, take a look: short Bitcoin near 99000, stop-loss above 100000, take profit at 97500-96000. For Ethereum shorts, around 3500-3525 is fine. Stop-loss can be set around one of the nearby pressure levels mentioned in the article, take profit at 3400-3350-3300. Let’s wait for the US stock market performance in two hours. Recently, the bulls during the day trading have been very strong. If you have any other questions, feel free to leave a message.