Happy weekend brothers, let's chat about recent trading insights.

In the past week of trading, after the extreme conditions last Friday where BTC stopped loss at 85000 and ETH at 1950, I promptly adjusted my mindset over the weekend and formulated a take-profit plan after lowering expectations. Immediately, I started a winning streak, and so far this week there have been no stop-loss situations, but all the take-profit levels have been hit!
This is the result of a trading plan formulated by a cautious analysis of current trends, hot policy interpretations, and the changes in indicators between bullish and bearish.
It is the result of strictly executing the trading plan and cultivating trading iron rules!
So the one who should be most grateful is actually yourself, because it is your execution that has created this week's winning streak! Give yourself a round of applause!
Every old friend, every old friend of the 21-day growth plan, every old friend who has executed well, this fruit belongs to you!
Weekend BTC focus
There is a certain bullish strength supporting the entry into the 80751-82033 area, and there is a certain bearish strength entering the 83315-85141 range. The overall balance point between bulls and bears is around 82860!
The weekend showed a choppy consolidation trend, and both long and short positions can be taken. Refer to Sao Ge's support and resistance conversion area layout for long and short positions! It's not a big deal to make 1-2 trades over the weekend! Set a stop loss once out of the range!
ETH Attention
Currently, the price movement is being firmly suppressed at the 1828-1835 range. However, there hasn't been much supply or sell-off in this area, indicating that the bears are not very strong here. If the price does not break down below 1753 with significant volume, and the bears exert further pressure over time, the prolonged inability to break down could lead to an accumulation of bullish sentiment. Subsequently, a strong bullish candle breaking through the 1828-1835 range would significantly increase the demand for the next targets of 1874/1912/1949.5!
Over the weekend, pay close attention to whether there is a pullback test of support towards 1753, accompanied by an increase in bearish volume. If there is no increase in volume, it can be seen as a trap for short positions, and sooner or later, a breakout will occur. If there is a volume breakout, the bears will need to seek the strength of bullish trenches down at the 1715/1640 line!
Operationally: The intraday bottom position can be flexible, but when there is space for capital, it should run!
The long-term spot trading should wait for right-side signals, and the expectations for mid-short term spot trading should also be greatly lowered!
#GT