It's Friday again
We talked about the Bitcoin and Ethereum options expiry at the square yesterday. The biggest pain point for Bitcoin expiry is $95,000. Let's see if there will be a trend change later.
If there is no trend change, I have also looked at the relevant news, and so far there is nothing significant affecting the market.
I believe that the expiry later will not change the trend much, so tonight will likely remain sideways, and Saturday and Sunday will continue to trade sideways on a daily level. We will have to wait until next week for a trend change.
Daily Analysis:
BTC is overall oscillating in the range of 91,000 - 95,000
ETH is overall oscillating in the range of 1,720 - 1,800
SOL is showing a strong trend, with support at 147 and resistance at 160.
Contract Strategy:
BTC suggests shorting in the range of 94,500 - 95,000 / short on rallies.
Take profit at 93,000 92,000 91,000 Stop loss at 96,000.
Conversely, if it pulls back near 91,000 / long on dips.
Take profit at 92,500 93,500 94,500 Stop loss at 90,000.
ETH suggests shorting near 1,800 / short on rallies.
Take profit at 1,760 1,740 1,720 Stop loss at 1,830.
Conversely, if it pulls back near 1,720 / long on dips.
Take profit at 1,760 1,780 1,800 Stop loss at 1,680.
SOL suggests shorting near 158 / short on rallies.
Take profit at 155 152 149 Stop loss at 162.
Conversely, if it pulls back near 148 / long on dips.
Take profit at 151 155 158 Stop loss at 145.