6.04 Strategy Analysis
Bitcoin slightly impacted the resistance level last night before retreating again. The strength of the pressure impact was not strong enough, failing to break through the moving average resistance and not reaching the upper resistance level. Therefore, the short-term expectation remains for a rise followed by a fall. Now it is necessary to determine whether this wave of upward movement has ended or if there is still an expectation for another challenge against the resistance level. From the current retreat strength, there hasn’t been a significant break below the trend line, suggesting a possible renewed challenge against the upper resistance. It is expected that there is still upward movement today, followed by an adjustment after challenging the resistance level. Pay attention to the intensity of the resistance challenge; standing above the resistance level is ideal, otherwise, wait for an adjustment. In terms of operational strategy, try not to chase high prices and guard against pullbacks. A short position near the resistance level might be more stable.
Bitcoin short contract point, short position near resistance level 106980, take profit near 103950, stop loss at 107780.
Bitcoin long contract point, short position near support level 103255, take profit near 105920, stop loss at 102455.
Ethereum experienced fluctuation and rise yesterday, the upward momentum hasn't strengthened quickly, currently basically following Bitcoin's trend. As expected, after the first wave of upward movement is completed and adjusts for a period, it will initiate another upward trend. The timing of this upward trend's initiation may coincide with Bitcoin's push against the resistance level. Pay attention to the strength of the upward movement; whether it can close with a large bullish candle to directly challenge the high point pressure of the fluctuation area above. The early session's trend clearly indicates the formation of a support platform, and after constructing the platform, there is an expectation for another upward movement. The operational strategy suggests that another wave of upward movement will initiate to challenge the high point pressure of the fluctuation area above. After the pressure level is challenged, there may be a pullback; the market is leaning towards fluctuation, so quick in and out is recommended.
Ethereum single contract point, short position near resistance level 2765, take profit near 2630, stop loss at 2750.
Ethereum long contract point, short position near support level 2548, take profit near 2760, stop loss at 2533.
Opinions are for reference only, with stop loss and take profit.
