25.6.19 Bitcoin Market Analysis + Event Contract Analysis
1. Bitcoin Outlook:
1. Firstly, the overall trend is still upward, currently showing three consecutive bullish candles on the monthly chart, indicating a bullish long-term trend! No doubt about it!
2. Since the overall direction is bullish, let's analyze the weekly chart! The last weekly candle closed bearish, the key is how the current candle closes.
If it stabilizes above 106,000, it will close bullish, and indeed continue to move upward, remain bullish! Conversely, it may lead to a weekly range-bound consolidation.
The consolidation range is around 100,000 - 106,000.
3. Trading Strategy:
There are two trading strategies: one is to follow the points I provided for high selling and low buying, the other is to plan a long-term position or wait for a breakout from the consolidation range,
then choose to fully invest on the right side.
2. Ethereum Outlook:
The trend is weaker than Bitcoin, so going long may prioritize Bitcoin. However, Ethereum may also be considered for its high cost-performance ratio and lower price, depending on individual judgment.
The strong resistance is around 2806, and breaking this level would lead to upward targets of 3002-3036.
Consolidation Range: 2400-2800, one can choose high selling and low buying, or opt for low-position planning for long-term investment, and set stop-loss upon breaking.
3. Event Contracts:
Event contracts have returned again, currently starting the 100 U Challenge, today is the third day.
Day 1 Data: Profit 98 U, Yield: 1x
Day 2 Data: Profit 120 U, Yield: 1.2x
Day 3: In Progress
4. About Live Streaming:
It will return soon, waiting for the trivial matters in life to be handled first.
For inquiries about event contracts, the trading ideas for perpetual contracts will be updated periodically.