Good morning everyone, have a great weekend! Today's morning report + review is here.
First, I want to mention that I will be on a business trip for about the next two weeks, but I will continue to update normally, just with slower replies.
A brief review of yesterday: there were no issues with the operations. Bitcoin didn't give any positions to enter. Ethereum was fluctuating; if you went short, you could have made several waves. No stop losses were hit. Let's see how today goes.
$BTC : Recent positions are quite similar. Bitcoin's resistance levels are 102000, 103500, 105000, and the support levels below are 101000, 100000, 99500, 99000, 98300, 97666, 97000, 96350, 95555, 95000, and 94000 for the short-term gold bottom.
$ETH : Ethereum was too weak over the weekend; Bitcoin didn't move much and it dropped alone. God one day, ghost several days. The resistance levels above are 3900, 3950, 3980, 4020, 4060, 4100, near the short-term new highs, with strong resistance. If it can break through, be patient for historical new highs. The support levels below are 3860, 3830, 3800, 3750, and near 3700.
$SOL : SOL is still very weak. No long positions in the short term unless it's around 200.
Today's thought summary: The strategy for low longs remains unchanged. It is too early to go long on Bitcoin around 10.1; there isn't much cost-effectiveness, and taking profit can only yield 1000 points. Wait for Bitcoin to go long around 100000; stop loss below 99000, and for take profit, first look at around 10.2. Don't get caught up in the weekend's pattern; the pattern won't feed you; take profits in time. For Ethereum, go long at 3830-3840; stop loss below 3800. The first target is to look at the resistance level around 3900. If it can't break through, take profits in time. If anyone has questions, feel free to leave a message.