Good morning everyone, Merry Christmas! Today's morning report + review is here.
Let's briefly review: yesterday's operations were a mess, I was bearish simply hoping to gamble on the Americans selling off, and I lost quite badly. Bitcoin hit the stop loss, while Ethereum is doing okay, bouncing around the cost price. I don't like to be the forever-profiting blogger; profit is profit, loss is loss, there's nothing I can't afford to lose.
The resistance levels for Bitcoin are at $BTC , 98300, 99000, with a short-term strong resistance at 100000. The support levels below are at 97000, 96300, 95555, 95000, and 94000. In the short term, the lowest I see is 92800-94000, beyond that I can't see lower.
Ethereum is a bit weaker at $ETH . If you had to choose between two options last night and shorted Ethereum, you wouldn't have lost. The resistance levels above are at 3500, 3550, and 3600, while the support levels below are at 3435, 3400, 3370, 3345, 3315, 3280, 3250, and 3200. The lowest it should reach is here.
SOL200 has arrived as expected; the long position is gone, haha. The trading ideas will be shared at the end.
Today's summary of thoughts: the bearish stance remains unchanged. Short Bitcoin around 99000, with a stop loss at 100000. Take profit at 2000-5000 points. The risk-reward ratio is very good. For Ethereum, my cost is 3456; we entered together around the 70 mark last night. Those who are out of position today can try shorting around 3500, with a stop loss at 3559, and the first target for profit around 3400. SOL should short following Bitcoin's position, targeting around 202 for a benchmark of 99000. When it reaches that, we can short together. As long as Bitcoin holds above 100000, we can set the stop loss. The risk-reward ratios for these are all quite good. If anyone has questions, feel free to leave a message.