Hello everyone, I am Weiwei. The ideas provided to you last night regarding the market trends and key support and resistance levels were very precise. Whether entering or exiting the market, as long as you follow Weiwei's rhythm, the outcome is basically a profitable one. Every trade was made very clear. The morning strategy is the same; currently, the market is in a consolidation phase, with Bitcoin trading around 88200 and Ethereum around 2920. Insights are as follows ↓#BTC #ETH
In the 4-hour timeframe, I mentioned earlier that after experiencing six bearish days, the coin price showed a technical rebound. Although the market has warmed up somewhat, there is strong pressure near the middle band of the Bollinger Bands, specifically around 89000, and the market still leans towards weakness in the short term. Key operations can focus on observing the market reaction after a large number of options expire on January 30. A large number of call options have strike prices concentrated in the range of 88000 to 95000, with this BTC options' maximum pain point around 85000. The coin price may tilt towards this point, causing the most options buyers to incur losses. In the morning operations, I still recommend everyone focus on short positions.
Bitcoin can be shorted around 88800~8900 with a target of 87000.
Ethereum can be shorted around 2940~2950 with a target of 2850.
In the 4-hour timeframe, I mentioned earlier that after experiencing six bearish days, the coin price showed a technical rebound. Although the market has warmed up somewhat, there is strong pressure near the middle band of the Bollinger Bands, specifically around 89000, and the market still leans towards weakness in the short term. Key operations can focus on observing the market reaction after a large number of options expire on January 30. A large number of call options have strike prices concentrated in the range of 88000 to 95000, with this BTC options' maximum pain point around 85000. The coin price may tilt towards this point, causing the most options buyers to incur losses. In the morning operations, I still recommend everyone focus on short positions.
Bitcoin can be shorted around 88800~8900 with a target of 87000.
Ethereum can be shorted around 2940~2950 with a target of 2850.
