Good afternoon, brothers!
✅️ Bitcoin retraced to around 68800 last night. My buy order at 68500 missed the target by just 300 dollars, a bit of a pity! The retracement range was correctly identified, and the order was placed a little too low, just in time for the overall support level to rebound. As of now, Bitcoin is priced around 70700, and Ethereum is around 2140.
✅️ A major rebound is unlikely today; it'll probably remain range-bound. With the weekend approaching, the market will likely continue to favor short positions. This round of price action first wiped out the shorts, then triggered a sharp drop that wiped out the longs! The metals sector has started to decline, with gold and silver also experiencing a waterfall drop last night. Actually, I suggest that those investing in physical precious metals, especially for investment purposes, consider gradually selling some shares; you'll definitely be able to recoup your losses!
✅️Intraday Resistance and Support Levels
BTC
71000/71400/72200
70080/69700/68800
ETH
2157/2175/2200
2130/2100/2075