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Good morning brothers, no significant movements over the weekend. On Monday morning, I chose to break above the upper level. Currently, Bitcoin is around 89,500, and Ethereum is hovering near 3,010. Over the weekend, I took some short positions, but they weren't enough to fill the gap, partly because Hangqin has no room. At present, both Bitcoin and Ethereum are in a position of switching between bullish and bearish. Around 89,000/3,000, it depends on whether we can hold the support. If we can maintain this level and break out of the 84,000-94,000 range on the daily chart, the possibility of reaching 99,000 will increase. However, Rome wasn't built in a day, and with the Christmas holiday just over, liquidity hasn't increased yet. With other assets absorbing liquidity, a month-long consolidation range isn't easy to break out of. There are no major data releases this week, and the New Year's holiday will also be on break, so pay close attention.
Next, focus on intraday trading: buy the dip at high levels, then buy the dip again, following the "buy the dip first, then buy the rally" approach.
Short around 89,800, add to the position near 90,500, watch for support at 88,200, and if momentum is strong, target 87,500.
Short around 3,020, add near 3,070, watch for support at 2,960, and if momentum is strong, target 2,930-00.