Good morning! Happy weekend! Today's morning report + review is here.
Let's briefly review: reviewing means bragging about profits and crying over losses, haha. So, we've been bragging these past two days. Last night's entry point can't be said to be the highest for shorting, but it's a mid-way position. The profits are quite decent: Bitcoin up 1500 points, Ethereum up 80 points. Congratulations to everyone for making money!
Looking at the Nasdaq's closing, this week has wrapped up. In short, my view on the pullback remains unchanged. I expect a 6% drop to come, right? We're still short by half, 3%. Next week, let Bitcoin break to 65,000. The 11th is Tuesday; next week's volatility won't be small, so control your leverage well, set stop losses, and please do not hold positions. If you're not yet familiar with position control, you can check my homepage. Position control is very important.
For Bitcoin, call $BTC to check today's position. The upper resistance levels are around 70,000, 70,800, 71,500-71,800, 72,800, 73,500-74,000. I've mentioned both short-term and long-term. The support levels below are 69,500, 69,000, and 68,500-68,000, with strong short-term support. If we break 65,000-66,000, it won't be far off. Patience, patience.
For Ethereum, call $ETH ; it moves quickly. The upper resistance levels are 2,535, 2,560, 2,580, and near 2,600, with strong short-term pressure. The support levels below are around 2,500, 2,480, 2,465, 2,435, and near 2,400, with strong short-term support, corresponding to Bitcoin around 68,000.
Today's trading thought summary: short positions. It's actually fine not to trade mainstream over the weekend; volatility is low, and the take profit isn't high either. For those wanting to trade, look around 70,000; if it doesn't break, you can enter. If it breaks, look for a comfortable entry at 70,500-70,800. For take profit, refer to the support levels in the article; for stop losses, look at the resistance levels. For Ethereum, if it doesn't break around 2,535, you can consider it; if it breaks, look around 2,550-2,560. The safest stop loss is around 2,600, and take profit should refer to the support levels. If anyone has questions, leave a message! Happy weekend!