Weekend trading volume is bleak, on July 5th BTC has been hovering around 108,000. Both bulls and bears can only make about 500 points each, while ETH can only gain or lose about 30 points. The operating space is limited, but it might be worth considering early positioning to see if a better point can be captured. Check the chart for positioning!!
Operational points for July 6th:
BTC Everyone can still confidently trade both long and short in the central range, aiming for a profit-taking of 300-500 points, with long positions at 107,800-108,000 and short positions at 108,200-108,300. Set the stop-loss 200 points above the cost price, with a risk-reward ratio of 1.5:1. Short positions can be considered for long-term holding.
ETH is similarly trading at the upper band of the central range for both long and short, aiming for a profit-taking of 25-40 points with long positions at 2468-2490. Short positions at 2516-2530, with a stop-loss set 10 points above the cost price, aiming for a profit-taking of 20-40 points, with a risk-reward ratio of 2:1.
The risk-reward ratio is significant; trading is still not recommended on weekends! The profits won't be too much, during weekdays any trade can have a risk-reward ratio around 4:1. Weekends are for relaxing and enjoying, brothers!
Follow Dr. Liang, so you won't get lost in daily market trends! The strength can be seen in previous posts and by comparing daily movements.