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To be honest, this market is quite disgusting. On Friday night, the tariff news was released, and they hard dumped the market half an hour after the U.S. stock market closed, taking advantage of the Asian market break, leading to a suspicion of life, and overnight poverty. On Saturday and Sunday, they pumped the market again when there was no liquidity, pushing BTC to around 115800 and Ether to around 4210, then looking at altcoins and my own Get Liquidated, isn’t it very disgusting.
Speaking of tonight's direction, bullish.
BTC holds the position of 1120 tonight, watching for an upward momentum, continuing to challenge the 115000 mark. If it stays here, the next steps will be 117000-119000, and then it may adjust downwards.
If it can't hold 112000, then the adjustment will end, and if it falls below 110000, there is a high probability it will test around 105. Open a light long position near 112000, add at 111000, and set a stop loss at 108900.
ETH holds the key level of 4000, continuing to push towards the 4200 mark. If it can't hold the key level of 4000 and drops down, it will need to retest the previous low around 3800 for support. Long positions can be entered lightly at 3978, with a stop loss at 3938.
Tonight we will wait and see, adapting to changes.
#BTC #ETH