Rich sisters, a new week begins. The weekly chart of Bitcoin has formed a shooting star top at 94,800, which faces significant resistance. It has not successfully broken through. From the weekly closing perspective, the chance of breaking 94,800 this week is not high. Therefore, we can continue to focus on short positions. Short positions in the 92,000-94,000 range can be held for a while, aiming for around 88,000! Long positions can take advantage of a rebound at support levels and exit at 90,500, 89,500, 88,500. You can build positions in batches at these points!
Ethereum's weekly chart also shows a shooting star, and its movement is also dependent on Bitcoin. The main resistance this week is at 3,180. If it breaks and stabilizes above this level, it could go to around 3,250. So, short positions from 3,180-3,250 can be held for around 3,000! For longs, consider short-term trades near 3,100, 3,080, and 3,060. Taking about 20 points profit and exiting is advisable! Recently, I have been doing live streams with "Trader Zhang Caishen Small Account." Welcome to follow! The above is just my personal analysis for reference only!
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Rich sisters, a new week begins. The weekly chart of Bitcoin has formed a shooting star top at 94,800, which faces significant resistance. It has not successfully broken through. From the weekly closing perspective, the chance of breaking 94,800 this week is not high. Therefore, we can continue to focus on short positions. Short positions in the 92,000-94,000 range can be held for a while, aiming for around 88,000! Long positions can take advantage of a rebound at support levels and exit at 90,500, 89,500, 88,500. You can build positions in batches at these points!
Ethereum's weekly chart also shows a shooting star, and its movement is also dependent on Bitcoin. The main resistance this week is at 3,180. If it breaks and stabilizes above this level, it could go to around 3,250. So, short positions from 3,180-3,250 can be held for around 3,000! For longs, consider short-term trades near 3,100, 3,080, and 3,060. Taking about 20 points profit and exiting is advisable!
Recently, I have been doing live streams with "Trader Zhang Caishen Small Account." Welcome to follow!
The above is just my personal analysis for reference only!