Friday provided everyone with a high-altitude perspective. I drank a few more glasses on Friday night, so I didn't update. Saturday and the weekend are for returning to family, spending time with my wife and kids, so I generally won't look at the market. Now that my wife and kids are asleep, I'll pour a glass of wine, light a cigarette, and simply share some market views!

6.13BTC/ETH Market Views:

Woke up this morning to see the price plummet, with a screen full of liquidation information for long positions and the bulls in despair... Bitcoin's daily K-line surged up with a big bullish candle, rising continuously since last Friday, but started facing resistance at 110300 here for three days of pullback, then three large bearish candles hit down, forming a big inverted V. At the beginning of the week, there was a surge of short positions, and by the end of the week, there was a surge of long positions. Is all this emotional investment happening in the cryptocurrency world?

Bitcoin hit a low of 102600 this morning to stop the decline and is currently in a rebound repair process. It's already Friday, and with such a long upper shadow on the weekly K-line, it is highly likely that it will close bearish. Looking at the daily K-line, the price is operating between the upper and lower bands, pulling back from the high of 112000 to find support at 100300, forming a deep V up, then facing resistance again at 110300 and pulling back to form an inverted V. For this pullback, pay attention to the support around the last low at 100300, and for long positions, wait to test this area before considering entry.

Continue to short during the intraday rebound, with upper resistance at 104500, 105500, and 106300. Short positions should be deployed around these levels, targeting downward at 103500, 102500, and 100500.

Ethereum surged to 2880 and then pulled back to form an inverted V. The current price is around 2505, undergoing a repair process. The intraday strategy is to look for short positions, with support below at the daily K-line lower band at 2410 and 2380. For long positions, wait to test these levels before considering entry.

For short-term operations today, focus on shorting at high levels. After such a significant drop this morning, indicators need to be repaired. Participate in short positions at rebounds to 2530, 2580, and 2620, targeting downward at 2480, 2430, and 2380.

The market is quite volatile; be sure to manage your positions well, strictly set stop losses, and do not get carried away! #加密市场回调