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🚨🚨🚨Good evening everyone, pay attention tonight. Let me share an interpretation of the market data this evening.
First, everyone needs to pay attention to the head and shoulders pattern on the ETH hourly chart. With a chart attached, you'll understand. If the head and shoulders pattern develops, the first support is at 2365-2380, and the second support looks at the 2315-2330 range. If you are going long within these two ranges, it is advisable to only carry a stop loss of 10-15 points. Tomorrow is the weekend, so liquidity will decrease, so it is still necessary to pay attention today. It should be noted that if ETH can maintain a range oscillation in the 2380-2450 range for a few days, that would be relatively good. Breakout points should be monitored accordingly. However, given the current situation, we need to observe the support around 2380 tonight and see how the next test goes. It is best not to break below; if it does, we have to look at the second support level.
Regarding BTC, I personally have long positions around 105200 and near 103800, 103300. The stop loss is about 300-500 points. The first take profit level is 500 points. Once it reaches the take profit, I will set the stop loss to break even or move the stop loss. I haven't live-streamed in the last two days due to some matters. I will probably live stream tomorrow afternoon.