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Brothers, good evening. The nightly analysis is here. Many brothers are probably unhappy this weekend, and most are caught in positions. It's not surprising that nine out of ten people are trapped in the market. That's why I always remind everyone to set stop-loss orders and to secure profits once they're in the green. Opportunities are plentiful; there's never a shortage of chances. The market rebounded a bit this weekend but then fell back again. Where are the market manipulators? Let's go together and take them out.
So today I added two new blue lines to the analysis. What do these two lines mean? A new week is about to begin. If the price can hold above the white line, only then can it break through and stabilize above the blue line for a higher move. Similarly, if the white line falls below and drops below the previous Friday's low, then the strongest support below is the blue line there. If that support can't hold, it will go further down. Everything else is the same: above the white line are resistance levels, below the white line are support levels. So, for trading, focus on resistance and support levels for long and short positions. Intraday trading is usually the best approach.
Currently, for those buying into Bitcoin's rise or caught in positions, pay close attention to the 68,000 level nearby. Below, focus on around 64,200. For Ethereum, focus on the 2,080 level, with support around 1,945.
Resistance levels are marked by the red line, representing the upward resistance at each stage that prevents further rise. Support levels are marked by the green line, representing the downward resistance at each stage that prevents further fall.
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