Good evening everyone. Today's evening report + review is here.
Let’s briefly review today’s operations. The short position was perfect, but unfortunately, I didn’t hold on to it. I comforted myself by taking profits when selling, expecting it to drop again in the evening. It dropped during the day instead. I was thinking about making a second trade. Human greed is limitless! Let’s get into today’s main topic.
The big coin (Bitcoin) $BTC dropped quite a bit today, 3000 points. It fell to this level even before the US stock market opened in the evening. If the US stocks drop again, it will be done for. Both resistance and support can convert levels, so it’s not much different from this morning. Let’s take a look at the resistance levels: 95555, 96300, 97000, 97666, 98300, 99000. The support level below is 95000, which is a relatively strong short-term support. If it breaks, look down to 94000, 92800, 91800, 91000, and 90000. This concludes the entry thought!
The Ethereum $ETH performed quite strongly over the weekend, making up for some losses. It dropped about 200 points today, which is quite a bit too. Let’s take a look at the resistance levels: 3600, 3625, 3660, 3700, 3730, 3750, 3780-3800. The support levels below are 3575, 3550, 3530, and around 3500, which is a strong short-term support.
Summary of today’s thoughts: It’s really hard to give a clear direction here. Being wrong in choosing long or short positions at this level can be painful. Let’s play it safe tonight. For stability, you can wait for tonight to pass and check my morning report tomorrow. For those who are aggressive, let’s take a look at the levels below. Try going long at the big coin 92800-93300; stop loss at 91800 or below 91000. The acceptable long position is around 90000. Take profit at 9.5-9.6W as the first target; stabilize around 9.8-10W. For Ethereum, try long at 3530-3550; stop loss below 3500. Those who can accept a bit more can consider around 3470 here. Take profit at 3600-3650 as the first target; stabilize around 3700-3750. The $SOL needs to align with the big coin position; it’s almost aligned, so go ahead and do it. I usually go short on SOL when the big coin short position is significantly losing. Conversely, going long is the same; everyone can refer to this. Additionally, let me explain why I won't short tonight. Choosing a short position here is too difficult; one wrong move could ruin it. Moreover, this long position is different and can be accepted, so let’s take it as it comes.
I don’t review my articles, so there may be typos or incorrect numbers. As long as everyone can understand, that’s fine. There’s no need to nitpick. I don’t have much time to focus on writing so many articles; I’m a trader, not a perpetual profit teacher. If anyone has questions, feel free to leave a message.