This morning the market has started the meat grinder again!
1.1 billion RMB was rolled away overnight, 65,000 people directly went bankrupt to zero!
BTC and ETH are now in a shrinking fluctuation, the space is compressed to the extreme, let’s get straight to the point!
First, let's look at Bitcoin! After surging to $108,475 last night, it weakened, and the rebound this morning only provided a $1,000 space, with the bulls clearly weakening.
Key points: For the past two months, it has been firmly pressed in the range of $109,500-$112,000, and the probability of breaking through this week is low! Now, the support levels are looking at $103,055, $100,300, and $97,669, while the resistance levels are tentatively set at $109,500 and $112,000.
Operational suggestion: Hold on to the short position at $109,500 in the morning session to protect your capital, hoping for a significant drop!
The position that bet on the rebound in the early morning should not be held dead; take profit when you see it!
Now let's look at Ethereum!
After surging to $2,557 last night, it retreated. If our long position at $2,535 didn’t exit at $2,555, look for opportunities to break even or take a small profit today; don't turn a short-term trade into a long-term one! Currently, the short-term support below is at $2,466, and pay attention to whether it will force the bulls to test it again. The resistance levels are tentatively set at $2,585 and $2,627-$2,665, and continue to protect your capital on the short position at $2,585 in the morning session!
Focus! The volume is continuously shrinking, don’t think about getting rich quickly, first protect the principal!
Operational thought: First, try to take a long position, find opportunities to short after the rebound is high enough, and respond flexibly!
Do you think BTC can break through the resistance level today?
Will ETH test the support at $2,466? Share your views in the comments section! Follow me for real-time strategy updates during the session!
Pay attention today: VIC M BONK ETH
