Crypto Circle Academician: On June 3rd, the Bitcoin whale showdown has reached a fever pitch! How can retail investors protect themselves amidst the major whale hunting operations? Latest market analysis reference
The current price of Bitcoin is 104,400, and it's currently 1:30 AM Beijing time. The whale James was targeted by the main forces and had over 120 million USD liquidated just before this report was published. The most disgusting part is that he opened a short position around 105,500 almost simultaneously with us, with a liquidation price above 111,000. Fortunately, another whale took a counter-position against James, stabilizing the situation, and the market has returned to calm; otherwise, the consequences would be dire.
The daily line showed a maximum of 106,000 and a minimum of 103,600 before this report. The daily K-line is currently standing above the EMA30 trend indicator support at 103,500, with an overall trend showing a bearish momentum, entering a downward channel. MACD is shrinking with an increase in positions; the DIF and DEA are spreading downward near the 0 axis. The middle track of the Bollinger Bands is focused on 106,400, while the lower track is focused on 101,600. In terms of strategy, pay attention to the strength of the EMA15 trend resistance level at 105,800. If it doesn't break, consider continuing to short on rallies, and don't be too greedy on low buys; ensure to take profits once positions are established.
From the four-hour K-line, we can see that it has already broken through the key trend indicator. Coupled with the double-line dead cross trend across various indicators, it can be determined that there is still momentum for the price to break previous lows. The MACD continues to expand in a descending trend, while the Bollinger Bands continue to contract. The upper track is focused on 105,500, and the lower track is focused on 103,300. If the price does not break through these two key zones, one can consider swing trading. For mid-term positioning, crypto enthusiasts may consider shorting at high levels for more stability, as the risk of low buying outweighs the potential reward.
Short-term reference: There is no 100% certainty in the market, so always set stop-losses as safety first; small losses and large profits are the goal.
For northern trades, the reference point is to go long between 101,500 and 101,000, with a stop-loss at 100,500, risking 500 points, targeting 102,500 to 103,500, and if broken, aim for 104,500.
For southern trades, the reference point is to short between 105,500 and 106,000, with a stop-loss at 106,500, risking 500 points, targeting 104,000 to 103,000, and if broken, aim for 102,000.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. There may be delays in article publication, so suggestions are for reference only; risks are borne by the reader.
