Take advantage of the weekend to layout for the opportunity of catching the rotation and rebound of altcoins! Next week, continue to take profits in batches as the momentum rises.
The large pancake is fluctuating in the range of 107000-110500, choosing a direction, with short-term belonging to two times of resistance near 110000 and a pullback in between.
The D disk is still strong, and the price above 107,000 will have the opportunity to continue challenging the upper resistance. After this wave of adjustments ends, it will eventually break through the historical high. The suggestion remains to focus on buying on support.
Ethereum #Bitcoin# Good morning, brothers! Bitcoin faced resistance near 110,000 twice yesterday, forming a minor bearish divergence signal. 110,000 remains a key short-term resistance. It is advisable to take profit on long positions and spot trades at this level. Aggressive traders may also consider shorting around 110,000 with a stop loss set just above the new high, which is a high-risk-to-reward operation. Bitcoin support: 108,000, 107,000, 105,000; resistance: 110,500, 112,000. Ethereum support: 2,560, 2,500, 2,470; resistance: 2,630, 2,688. Personally, I lean towards a pullback demand around 110,000 in the short term, but as long as it doesn't drop below 107,000, this upward trend is still ongoing. Once the pullback ends, there will be an opportunity to challenge the previous high resistance again. This is just my personal opinion for reference!
Bitcoin is once again approaching the key resistance level near 110,000. Pay attention to whether it can break through, and do not chase high prices at resistance levels. Resistance can be used as a reference for taking profits in batches. If Bitcoin oscillates above 107,000, there will be a chance to continue challenging the upper resistance, and altcoins may also have the opportunity to catch up.
The pancake belongs to a regular adjustment that is blocked by the descending trend line; as long as it does not break 102000, it will challenge the upper pressure again after the adjustment.
Yesterday's reminder indicated that chasing highs is not advisable in the monthly line contest. The downward trend line pressure is currently blocked and experiencing a pullback, but if it can retrace to 0.5-0.618, it still presents a buying opportunity.
The pancake has a strong closing, and there is expected to be an opportunity for inertia to push higher. However, do not chase higher near the pressure zone. If it continues to oscillate, it is easy to get trapped in a chase. It is recommended to focus on buying on dips at support.
Yesterday's alert reached a key pressure area. In the short term, you can take partial profits on long positions and wait for a pullback. As long as the pullback doesn't break 103000, there will be another surge. Currently, there is still a demand for a pullback!
The large pancake rebounded strongly, we perfectly captured it, but it is not advisable to chase the highs in the short term. I personally started to take profits in batches around 100,000 for the long positions that I bought at the bottom, treating it as a rebound for now.
This rebound is very strong; it is recommended to take profits in batches at key resistance levels. For now, just treat it as a rebound. We have captured a nice rebound, which is also very good!
Brothers remind everyone that opportunities come from declines. Below 100,000 are all support levels and low absorption opportunities. Yesterday early morning, I also reminded everyone that the second step will stabilize and continue to rebound. Perfectly grasped this wave of violent rebound market, just treat it as a rebound!
This belongs to the secondary dip market. If the secondary dip does not break the new low, or if it breaks the new low and then pulls back, it is possible to gradually buy the dip and catch a wave of rebound. The strength boundary for Bitcoin is at 100,000; above this level is an opportunity for rebound, and many altcoins are expected to rebound in turn.
Brothers, opportunities come from falling. The previous strategy was mainly to short under pressure, but when the price is below 100,000, it is mainly to support going long.
Happy weekend! The week is expected to continue to fluctuate, and there may be a pullback on Sunday night. Overall, the outlook remains bearish, waiting for a major directional choice!
The large pancake continues to fluctuate, waiting to choose a direction. Personally, I still see the price below 106800 as primarily continuing to adjust.