Hello everyone, good morning! It's the weekend, and today's morning report + review is here.
First, let's review yesterday's operations. The high short position was very clear, with Bitcoin profits of $2000-3000. Ethereum fell about 5%, with a maximum drop of 170 points. Everyone should have made some profit, right? If anyone needed to break even, they should have done so by now.
So today is still a bit interesting. There’s fighting going on again. Let's take a look at the market. Whether or not it escalates has nothing to do with me because it already dropped in the early morning.
$BTC . Last night, the 68500 level was the highest short position. The profits from shorting here are enviable! Look at the picture; this is the support and resistance drawn yesterday. Now, it seems that around 66800 is a resistance level. If it breaks, we’re looking at 67500 and then 68000. It probably won’t break 68000 over the weekend. The bottom below is at 66080, with a short-term golden bottom near 65000. If that breaks, it will drop directly. Let’s predict the weekend Bitcoin fluctuation range: 67500-66000, about 1500 points.
$ETH . Let’s take a look at Ethereum. Last night, everyone thought it was getting stronger, but unexpectedly it was still weak. All the short positions from last night at 2550-2560 were filled. How about that? The resistance above is at 2465, with strong resistance near 2500. The support below is at 2430, with 2400, 2350, and 2300 below. Ethereum is increasingly pulling back. Let’s predict the weekend fluctuation range: 2470-2400.
Today's strategy summary: The weekend is still a bit tricky. For those holding cash, Bitcoin should be near 67500. If 66800 and 66080 break, there’s a chance of hitting 65000. It’s highly probable that it won’t break this weekend. For Ethereum, short positions can be entered near 2470, targeting around 2430-2400. That’s it for the weekend; it’s a pretty boring market. If anyone has questions, feel free to leave a comment. Have a great weekend!