8.1 BTC, ETH Midday Position Strategy

Good afternoon friends, it’s a bit of a pity that we didn’t catch the high position short yesterday. Some people are asking why we didn’t continue to go long at lower prices. First of all, the trades we made yesterday and the day before had the same entry points: BTC at 116666 and ETH at 3730. The rebounds were quite strong, and when we woke up the next day, we had profits of about 2000 points on BTC and over 100 on ETH. Let’s talk about a little knowledge: the so-called support and resistance levels are where there is a large order volume at a certain position, which creates resistance for breaking through or dropping below. After seeing a downward trend last night, we didn’t continue to place low long orders, just as I mentioned above, repeatedly testing around the support level will eventually exhaust the so-called support. So did this, in a way, help the brothers avoid a disaster? Follow me! I will continue to share surprises. Let’s get into today’s main topic.

Key Levels:

$BTC : Upper resistance levels to watch 116800 / 119500 / 121000 / 123000

Lower support levels to watch 113000 / 110500

$ETH : Upper resistance levels to watch 3750 / 3780 / 4000

Lower support levels to watch 3615 / 3500 / 3440

Entry Point Strategy:

BTC: Long around 113666, stop loss below 112000, target around 116666

ETH: Long around 3550, stop loss below 3588, target around 3700

Alright, that’s it for the midday content. Daily sharing of exclusive strategies and entry points for BTC and ETH, follow me! I will continue to share surprises and improve your mainstream win rate #ETH #BTC