Good morning everyone! A new week, today's morning report + review is here.
Let's briefly recap. I woke up and saw that the price hasn't changed; Bitcoin is too weak, not even reaching 94,000. Ethereum has currently given everyone on board a floating profit of nearly 100 points. Whether to take profits or not is up to you. Yesterday, I discussed the general outlook for this week; the low long position will not change. Bitcoin is looking at 97,000-100,000, and Ethereum is at 3,550-3,600. If it breaks through, we will first look at around 3,800. Be patient and wait for Ethereum to catch up.
Bitcoin's upper resistance levels: 94,000, 95,000, 95,555, 96,300, 97,000, 97,666, 98,300, 99,000, 100,000. Lower support levels: 92,800, 91,800, 91,000, 90,000. As long as it doesn't break below 90,000, that's fine. The overall direction is bullish.
Ethereum has slightly caught up today. Let's see if there is continued momentum for a second surge. Upper resistance levels: 3,435, 3,470, 3,500, 3,550, 3,600. In the short term, if it breaks through 3,550-3,600, reaching 3,750-3,800 is not a problem. Lower support levels: 3,400, 3,370, 3,345, 3,315, 3,280, 3,250, 3,225, around 3,200, 3,150, 3,100, 3,050, 3,000, which corresponds to Bitcoin's 90,000. Strong support.
It seems there are no opportunities left. Don't enter unless the level is reached. I won't discuss other matters.
Today's summary of thoughts: This week is all about low long positions. If you can hold on patiently, do so. If you can't hold on, take profits in time and see if there will be a chance for a second bottom entry. For those holding cash, consider going long at Bitcoin's 93,000-93,500. Stop loss if it breaks below 91,000 or 90,000. First target: 97,000-100,000. For Ethereum, 3,325-3,335, just like last night. Early morning warmth to bring everyone on board. Currently, profit is 100+. Comfortable. Stop loss at 3,250 if it breaks. First target: 3,400-3,450. Today, Ethereum's catch-up is quite good. Let's see if it can break through the short-term peak of 3,550-3,600. If anyone has questions, feel free to leave a message!