Good morning everyone! Today's morning report + review is here.
Let's do a simple review. Those who opened two short positions definitely won't lose money. If you took profits in the early morning, there should be at least a 10% profit. Currently, it looks like gains and losses are offsetting each other. That's why I keep emphasizing position control. If the position sizes for Bitcoin and Ethereum are the same, at least you won't lose money. If you're still unsure about position control, please go to my homepage and search for position control in the upper right corner, and look for it slowly. This is very important, very important!
Let's get to the main topic, everyone. If you haven't followed yet, please help by clicking follow and liking. Thank you!
Bitcoin is too strong, the Nasdaq is falling but not really following. I'm also helpless. The upper pressure level is 95000. If it breaks, I won't hold onto the short position anymore and will use the profits from Ethereum to offset this loss. The lower support levels are 94000, 93500, 92800, and 91800. Today, there is a high probability of stabilizing at 95k, so the short position will basically need to stop loss.
Daily criticism: garbage Ethereum. The upper pressure levels are 3100, 3125, 3150, 3180, 3200, 3225, 3250. The lower support levels are 3070, 3038, and around 3000 is a short-term golden bottom. Ethereum is being forced down hard by Bitcoin, otherwise it could have dropped below 3k in the early morning.
Today's thought summary: After stopping loss on Bitcoin, I won't open any short positions. Even if it drops later, I will lower my head. I will see if Bitcoin has any opportunities in the next few days. For now, I will short Ethereum. For those with short positions in Ethereum, today's entry point is around 3135 aggressively. For a more stable approach, around 3160. Take profits at 3075-3038. For stop loss, around 3175, and buy back near 3200. If it stabilizes at 3230 or 3250, stop loss there. If you have any questions, feel free to leave a message.