8.9 BTC, ETH Evening Position Strategy
Good evening friends, last night Ethereum hit and damaged BTC, still near the cost level. Currently, the heavy resistance at the 4100 position for Ethereum has been broken, and the next step might be to challenge the historical high. For Ethereum's strategy, we need to shift from high short to low long. We have already profited a lot from the high-level fluctuations in the first half of the month. A 50-point stop loss is bearable for us, and the profit is still online. Follow me! Today's latest positions are at the end.
$BTC : Resistance Levels 118500 / 119500 / 112100
Support Levels 116800 / 116000 / 114800 / 114000
$ETH : Resistance Levels 4270 / 4380 / 4480 / 4640
Support Levels 4030 / 3920
Today's Summary: After Ethereum's breakthrough, our recent focus is on low long positions. The BTC short position from two days ago at 116800 was exited near the cost level. We have resumed trading. BTC: Long near 116000, stop loss at 114500 if it breaks, target around 119000. ETH will not be traded for now; I will announce the position once the market stabilizes or reaches the psychological price level. Pay attention to avoid getting lost! #BTC #ETH