Good evening everyone. Today's evening report + recap is here. The market has been easy to navigate these days.
Let's briefly recap today's operations. The morning short positions were fine; Bitcoin has entered, and the current floating profit is nearly 3000 points. I'm still worried about Ethereum's potential rebound; otherwise, it could have been a significant profit. I exited the long positions a bit early yesterday. The mindset has been quite good these past two days. After finishing the long positions today, I will take short positions.
$BTC Bitcoin resistance levels: 105000, 106500, 108000, 110000. Support levels below: 103500, 102000, 101000. 100000 as a short-term major bottom.
$ETH Ethereum is still weak. Resistance levels above: 3900, 3950, 3980, 4020, 4060, around 4100. Support below: 3860, 3830, around 3800.
$SOL SOL is very weak. Do not go long in the short term. Keep an eye around 200; if support is strong, trying it out is okay.
Evening strategy summary: High shorts may not necessarily provide entry positions. Those holding cash, consider shorting Bitcoin at 105000-105500 with a stop loss at 107000. Target profit around 10.3-10.1, which has a decent risk-reward ratio. Short Ethereum at 3980-4000 with a stop loss at 4030-45. Those worried about a rebound should not short Ethereum; target profit around 3880-3840. No long positions for now. If anyone has questions, feel free to leave a message.