Good morning everyone, happy weekend! Today's morning report + review is here.
The profit from last night's pending orders is decent. My own Ethereum short position has been stopped out at cost. Last night, I provided a short at 2720-30, currently floating profit of about 1%. The weekend has this little volatility. I won't be making any major trades this weekend; I've also taken profits on SOL. If there are opportunities today, I'll enter; if not, I'll wait until tomorrow to place orders.
The pressure points for Bitcoin at 97000, 97666, 98300, 99000, and 100000. The support levels below are 96300, 95555, and 95000. I don't think it will drop below 9.5w this weekend. Let's leave it at that; the positions are the same as yesterday. If you want to reference lower levels, you can check yesterday's article.
Ethereum's rebound is still strong this weekend, with pressure levels at 3700 and 3750, and support levels at 3660, 3640, and 3600. I also believe it won't drop below 3600 this weekend.
I've taken profits on the SOL short position; I'm not making any trades for now.
Today's strategy summary remains focused on shorts. I'm not very optimistic about US stocks next week. The Bitcoin position near 9.7 is too aggressive; the earliest it should reach is around 97666, aiming for stability around 98300. The stop-loss is at 9.9w. For the short term, I'll be watching around 9.5w. The Ethereum position around 3720-30 is also okay; if the rebound is quick, I can re-enter at 50-60, with a stop-loss at 3800 and take profits at 3660-3600-3550-3500. No trades for SOL for now. If anyone has questions, feel free to leave a message. If you're not interested in this small trade, you can wait until Monday or Tuesday to reassess.