Good morning everyone. Today's morning report + review is here.
Let's briefly review yesterday: the long position took profit too early, but it was still a significant gain. The two short positions taken last night both hit stop loss in the early morning. However, the re-entry position was still decent. Currently, Ethereum is hanging at breakeven loss, while Bitcoin is stabilizing at 100,000 stop loss.
$BTC won't break through the 90,000-100,000 range, and the daily levels are pretty consistent. Resistance levels are 99,000, 99,500, and the 100,000 major level. Support levels below are 98,300, 97,666, 97,000, 97,300, 95,555, 95,000, and 94,000. It's easy to memorize by looking at it every day.
$ETH for Ethereum, the resistance levels are around 3,860 and 3,900. Support below is at 3,800, 3,750, 3,700, 3,660, 3,635, and around 3,600.
$SOL SOL is not traded. If shorting with the market, there should have been considerable profit yesterday. The supplementary rise phase for SOL has already passed. Just target the same positions as Bitcoin for trading, the direction is consistent.
Today's thoughts summary: it is definitely a high short strategy, especially since I still hold two short positions. My entry costs are Bitcoin 98,775 and Ethereum 3,878. The stop loss is at the beginning. For those in cash, check today’s entry positions. Bitcoin near 99,000 is the best position. If you are aggressive, it doesn't matter to enter 300-400 points earlier; the stop loss is the same. Stabilizing at 100,000, my profit target is between 95,000 and 96,000. You can place a breakeven stop loss near 97,000. For Ethereum, the entry position is around 3,860-3,870. If 3,900 stabilizes, set a stop loss. My own stop loss is at breakeven, 3,878, and I will place a breakeven loss near 3,800. For profit, watch for 3,750-3,700 to break down and continue to watch 3,660-3,600.
If anyone has questions, please leave a message. All cryptocurrencies are welcome. Responses may not be timely, but I will try to reply to each one.
