6.14 Today's Bitcoin Trend
Peak Reached:
This round of market has basically peaked at $110,000. Those who previously expected $120,000, $150,000, or even $200,000 are out of luck at this stage. But don't be discouraged, there will be opportunities in the next bull market.
Technical Confirmation of Pullback:
Daily Level: Death cross of moving averages and downward MACD indicate that the downward trend is confirmed and will continue to fall.
3-Day Level: $110,000 top pattern confirmed, MACD death cross, medium to long-term pullback has just started.
Conclusion: Bitcoin will definitely break below $100,000. Spot traders should patiently wait for lower positions.
Impact of the Middle East War
Oil Prices Surge:
With Israel and Iran at war, oil prices have been pushed up; for the past two days people have even hesitated to drive (fuel is expensive).
Escalation of Geopolitical Conflicts:
Israel precisely targeted an Iranian nuclear expert vacationing in the UAE with missiles, resulting in significant civilian casualties.
Iran will likely retaliate; the U.S. has sent warships to assist Israel's air defense, and the turmoil in the Middle East will not end in the short term.
Impact on Financial Markets:
Gold Benefits: The safe-haven property of gold is highlighted in times of war.
BTC's Safe-Haven Failure: Bitcoin has not played the role of a “safe-haven asset” in this war; the so-called “national reserve plan” has become a joke.
Eastern Countries Hoarding Gold: It is said that they have been accumulating reserves over the past two years, and they have profited again this time.
Operational Strategy Suggestions
Short-Term:
Open short positions near $106,800, set a stop loss at $107,500, and a take profit target at $104,000.
If it falls to the $100,000 support level, consider making a short-term long position, but enter and exit quickly without being greedy.
Current Market Judgment:
The probability of a crash is low; it is more likely to fluctuate.
Yesterday, there was capital support, but the overall trend is still bearish.
Medium to Long-Term Direction:
Only short, do not go long: any rebound is an opportunity to short, the big cycle pullback has just begun.
If you are worried about risks, give up going long and focus on shorting during rebounds.
Important Reminder: The Schemes of the Market Makers
Market makers inflate and deflate prices, unrelated to news! News is just an excuse for them to cover their operations and harvest retail investors. No news? They will make up a story. Quite insidious!
Don’t be fooled by market news; market makers can create bad or good news at any time to coordinate with selling or buying pressure.
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