Good morning everyone, have a nice weekend. Today's morning report + recap is here.
Last night things also got better. The short-term pressure on Bitcoin and Ethereum has broken through. The next target for Bitcoin is 100K, and for Ethereum, it's around 3700. Hold on to your long positions, currently no plans to take profits, just hang in there. I mentioned last weekend that this week looks bullish, no issues here. It’s quite difficult to reach 100K this weekend, let's see about 100K next week.
The pressure levels for Bitcoin are 98300, 99000, 99500, 100000 above, and support levels are 97666, 97000, 96300, 95555, 95000, 94000, 92800, 91800, 91000, 90000 below. I'll share the pressure levels after 100K tomorrow, it's unlikely to break through this weekend.
The pressure levels for Ethereum are 3600, 3660, 3700, 3750, 3800 above, and support levels are 3550, 3500, 3470, 3435, 3400, 3370, 3345, 3315, 3280, 3250 below.
SOL has surged 20% and I'm feeling the pressure. There are no more short-term opportunities, so I won't be trading it.
Today's thoughts summary: There's no issue with going long at lower levels. The probability of getting stopped out is quite low. For those who are out of the market, give it a try. Long Bitcoin near 97000, stop loss if it breaks 95500, first target is 99000-100K. Long Ethereum near 3540-3550, stop loss if it breaks 3500, first target is 3630-3660. No opportunities with SOL, so I won't trade it. If anyone has questions, feel free to leave a message.