
Bitcoin experienced a rejection of important resistance on its 1-day timeframe around the $107,000 area, coupled with a breakdown of resistance becoming support on the 4-hour timeframe at levels around $104,400. This gives an indication of further downside for Bitcoin with potential to the $100,000 area which will act as support, with a potential retest of the $104,400 level which we can use as a zone to look for confirmation of a bearish signal.

Entry [Short]: $103.500-$104.400
Stop Loss [SL]: $105.760
Take Profit [TP]: TP1: $101,000, TP2: $100,000
After a significant rise a few days ago, UNI is seen to be experiencing a significant weakening of momentum and potential correction. This can be seen with the formation of an evening star candle which is an indication of a bearish reversal followed by the formation of a lower-low.
The potential for UNI to decline to the demand area around $7.1. We can wait for UNI to test the 8.9 level to look for short positions.

Entry [Short] : $8.90-$8.99
Stop Loss [SL] : $9.517
Take Profit [TP] : $7.133
Ethereum experienced a rejection of important resistance on its 1-day timeframe around the $3650 area, coupled with a breakdown of resistance becoming support on the 4-hour timeframe at levels around $3480. This gives an indication of further downside for Ethereum with the potential to the $3185 area which will act as support, with the potential to retest the $3484 level which we can use as a zone to look for confirmation of bearish signals.

Entry [Short]: $3484-$3500
Stop Loss [SL]: $3611
Take Profit [TP]: TP1: $3185
Important Notes:
Always apply risk management and capital management with discipline. For trading, especially those using leverage, we recommend using a risk per transaction of: 1% of total capital.
*Disclaimer: Pintu Futures activities (trading futures contracts on crypto assets) are carried out by PT Porto Komoditi Berjangka, a Futures Brokerage company licensed and supervised by Bappebti and is a member of CFX and KKI. Trading futures contracts on crypto assets has high risks, one of which is the risk that Leverage can provide greater profits and losses.
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