6.6 Big Pie Evening Thoughts

The afternoon continues the trend of oscillation and upward movement. After experiencing adjustments in the morning, Bitcoin regained its upward momentum, reaching a peak of 103749 during the day. Ethereum mirrored the market, steadily climbing to a high of 2486. Later, non-farm payroll data and unemployment rate indicators will be released. A wait-and-see strategy can be adopted temporarily, and positioning can be arranged after the data is released and market reactions are considered.

From the analysis of Bitcoin on the 4-hour level, the current price is in a bearish-dominated oscillating downward trend. The K-line is continuously under pressure below the middle track of the Bollinger Bands, with the three Bollinger tracks diverging downward. The moving average system is forming pressure, confirming the continuation of the downward channel. In terms of key indicators, the MACD bearish momentum continues to strengthen, with the DIF and DEA yet to form a golden cross, indicating a lack of reversal signals. The RSI has exited the oversold area but is still below the 50 midline, indicating insufficient bullish momentum. A price rebound to around 104500 can be considered for light shorting, and if this resistance level is broken with volume, one can follow up with long positions. For aggressive traders, the following thoughts can be considered.

Personal suggestion:

Big Pie: Short near 103900-104500, target 101500, if broken look at 10000.

Auntie: Short near 2500, target 2420.