Weekend simple chat
The status has fluctuated greatly over the past month, but there hasn't been much change. Those who frequently traded back and forth over the past month have made a lot of money; both bulls and bears can profit if they catch the rhythm right. The worst situation is when both sides chase the market and end up losing badly;
Currently, there are no major news releases regarding the US-Iran conflict over the weekend, and the situation is relatively stable, slightly bottoming out and rising, with both bulls and bears taking a break;
At this moment, the market is in a small bull-bear game at the 5min/15min level, and the indicator is being repaired. The 1h has reached the critical point for bulls and bears, so we are watching tonight and tomorrow’s performance; the 2h/4h has temporarily ended a wave of one-sided sharp decline, corresponding to the demand for liquidity repair over the weekend;
BTC
Support 65500/63500
Resistance 69000/70825
At this moment, the support below is easy to hit, and the resistance is also quite weak. In March, it broke through 70825 multiple times, so regardless of whether you are bullish or bearish, you must wait for trends and signals before placing your orders. Simply waiting for price levels can lead to being trapped, although the current trend might still return to profit, being trapped certainly doesn't feel good;
Currently, the 4h price channel has broken, and the bottom support trend line on the daily K is around the 65500 line, so focus on the strength of this support level over the next two days. It can break, but the key is to watch for any rapid reversal in volume and price;
ETH
Support 1885/1815
Resistance 2150/2225
For ETH, just follow the same logic as BTC, manage your positions well, and there’s nothing to fear;
Operation suggestion: If there is an opportunity in the spot market, be sure to enter. For contracts, if there is a pullback over the next two days, just add to your position;
