6.7 Saturday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

This week, the market overall has shown a surge followed by a pullback. Traders who have grasped the market rhythm in a timely manner have already made profits. As previously predicted, the phase top has emerged, and the recent market will primarily focus on correction and pullback. Looking back at the early morning trend, Bitcoin (BTC) experienced a pullback after a range-bound movement. In our live trading, we flexibly seized both long and short opportunities, successfully capturing a profit of 1017 points before exiting.

For afternoon trading, it is still recommended to adopt a strategy of shorting at high prices and buying at low prices. Aggressive investors may try shorting with a small position; conservative investors are advised to patiently wait for higher levels to set up short positions.

From the current market analysis: On the four-hour level, Bitcoin price hovers near the middle track of the Bollinger Bands, continuously facing pressure, with downward space gradually opening, and bears holding a dominant advantage. On the hourly chart, the three tracks of the Bollinger Bands are gradually narrowing, indicating that the market is about to undergo a trend change. As for Ethereum (ETH), it still needs to effectively test the key support level of 2200 to clarify the subsequent trend direction.

Due to the reduced market liquidity over the weekend, it is expected that today's market will maintain a range-bound pattern. Key attention should be paid to the dense liquidation area near 2430, as this position may trigger significant price fluctuations. If the pullback continues, the 2400 support level will become a crucial defense line for the bulls. If the price can stabilize here, it is likely to rebound and challenge the resistance level of 2530; if the upward momentum is insufficient and cannot break through 2530, the market will likely initiate a new round of downturn. Once the 2400 support level is effectively broken, the price of Ethereum will further open downwards, looking at the support level of 2200.

Trading Suggestions:

- Bitcoin: Short in the range of 105000 - 105500, targeting 103000.

- Ethereum: Short in the range of 2500 - 2530, targeting 2450.

Please note, the cryptocurrency market is highly volatile, and market conditions change rapidly. The above suggestions are for reference only; please be sure to set strict stop-losses and control trading risks. #非农就业数据来袭 #​​Metaplanet拟筹资增持比特币​ #特朗普马斯克分歧 #加密市场回调 #美国初请失业金人数