6.13 Brother Chi's Video Notes

BTC's long position around 103,500 was closed yesterday; today it's around 106,180, just a bit short of the target of 106,200. I didn't want to wait this morning, fearing that while I take the Level 4 exam, it might drop and I would miss out, so I decided to take the profit.

For any brothers who haven't taken profit yet, you can either defend your cost or take partial profits first, because if it continues to test downwards, it might test the 102,600 level. Currently, the resistance above is 106,500, and the area worth considering for positioning below is 101,000.

ETH is currently a false breakout; false breakouts usually accompany real breakdowns, or it might target the liquidity around 2,340 below.

Gold PAXG was closed yesterday without any issues. Brother Chi mentioned that gold is currently in a breakout; if the price goes back to 3,520, a false breakout followed by a drop would present a shorting opportunity.

Regarding altcoin spot trading,

Brother Chi said he bought 50 USDT each of WCT and SUI, and he is still holding onto the previous DOGE, which he sold around 2.0.

He recommends everyone buy SUI because SUI is currently at a low point in the market. Entering a position should yield about 30%; if it drops, you can add more, and if it breaks upward, there will also be a strategy for increasing the position on the right side.