Good morning everyone, happy weekend! Today's morning report + review is here.
Let’s do a simple review. Yesterday's trading was quite good, bottom fishing was quite successful, and there are a lot of floating profits. No need to boast too much about it. Let me talk about yesterday's thoughts. The first entry point for Bitcoin was around 9.4-9.5, looking back it was quite early. Last night, I still firmly saw it as bullish, so I moved my stop-loss down quite a bit. I wasn't hit. Did everyone pick a few altcoins themselves? A rebound of 10-20% is as easy as drinking water. Pumping altcoins is too easy. The weekend will have less volatility. For those who are in cash, I’ll leave my trading thoughts at the end. If you haven’t followed yet, please do so. Thank you.
The support levels for Bitcoin below are 97000, 96300, 95555, 95000, 94000, 92800, 91800, 91000, 90000. The resistance levels above are 97666, 98300, 99000, around 100000, 101000, 102000, 103500, 105000, 106500, and the new high at 108000. The levels haven’t changed; it’s been half a month now.
The rebound speed for Ethereum is okay, with a 10% increase. The support levels below are 3435, 3400, 3370, 3340, 3310, 3280, 3250, 3200, 3150, 3100, 3050, 3000. The resistance levels above are 3470, 3500, 3550, 3600, 3630, 3660, and around 3700. Let’s look at this in the short term.
I thought SOL would be strong, but it turned out to be quite weak. However, there is still profit.
Today's summary of thoughts: the low buy strategy remains unchanged. Here are some positions for those in cash. If you entered yesterday, just hold on. For Bitcoin, buy around 96000-96300, with a stop-loss below 95000. The first target for profit taking is around 98000. For Ethereum, buy around 3380-3400, with the first target around 3470 and a stop-loss below 3360. SOL won't give any positions today, so I won't trade it. If anyone has questions, feel free to leave a message.