Weekend simple chat
Yesterday I summarized the operations for this week. The weekend market is sluggish, which aligns with the recent market characteristics. The major players are not working on weekends, and it is obvious that liquidity has decreased significantly;
About a month ago, I predicted that BTC would touch the range of 94225 to 100300 before the Spring Festival. Currently, it is only one step away from the 100,000 mark, with a high of 97932; at this moment, the market has returned to the low volatility zone before the rise. According to the current trend, the bottom-finding has not yet ended;
So don't rush to establish a long position. If you still have long positions, either take the opportunity to reduce your position or you must push the protection of your bottom position; otherwise, when probing the bottom again, you might not have a good mindset to get through it!
The strategies for BTC/ETH/SOL provided yesterday continue to be effective. This is a prudent strategy, and beginners can place their units properly. Those with a certain trading system can watch the market and see if there are opportunities!
BTC support and resistance levels 94225/91600-92000/87800/86670
ETH support and resistance levels 3170/3100/3025/2915/2835/2749
SOL support and resistance levels 142.5/133/126/122.5
In summary, the weekend is still a market where both long and short positions can be taken. Currently, it seems there are no opportunities for short positions, as there is no rebound, and the pullback has not yet shown a spike. Just be patient!
Time node: If you watched the market all day yesterday, then today go out and release some emo emotions. Tonight and early tomorrow, the market might show some fluctuations, and there could be trading opportunities during the Monday Euro-Asian session and evening! You can switch the rhythm!
Control your position well; just take the opportunity when it comes. It's either a loss or a profit, but if you find the right angle, the probability of profit will keep increasing!
