Happy weekend, brothers and sisters! Those who are familiar with Brother Sao know that he has always connected the market trends of Friday, Saturday, and Sunday, and has developed an unchanging weekend strategy that is very suitable for those who are unclear about rhythm!
Today, Brother Sao will specifically record a set of videos explaining the simplest use of Fibonacci to help everyone find support and resistance levels! Remember to watch it!
BTC Focus
Support 100305/98500/97669
Resistance temporarily set at 106132/101507/112000
The key points at this moment are the upper track at 106132, the middle track at 104757, and the lower track at 103055. Everyone understands, right? Pay attention to these three positions!
ETH Focus
Support 2343/2285/2215
Resistance 2600
The key point at this moment is 2542. If it does not break today, we can look for a short signal here at most once more!
In terms of operations: the market may consolidate for at least 3-5 days, and possibly 7-15 days. First, we need a wave of decline to confirm whether we have hit the bottom, then a consolidation wave to confirm whether this bottom turnover is sufficient and recognized by the market. Only such bottoming has meaning; otherwise, it is just a continuation of the decline. Shorting on rebounds to new lows is a prudent operation. The trend is set! Just ensure good risk control!