June 20th Market Chat: Bitcoin and Ethereum's Oscillating Situation, Patiently Waiting for the Direction

Today, Bitcoin's trend is still the same - fluctuating between 100,380 and 100,500. Yesterday, it fell from 100,500 to 100,380, but pulled back to 100,480 within 15 minutes, indicating that there are many people who are taking over. But the problem is that 100,500 is like a piece of iron plate, and it can't stand still.

Since June 18, Bitcoin's highs have been getting lower and lower (100,550 → 100,500), but the lows have been slowly rising (100,340 → 100,380), and now it is stuck in a triangle area. It is likely to choose a direction in the next two days. It is recommended not to rush to do it, and wait for it to jump out of the results first.

Brothers who are itching to play can do this:

Low-level long orders: try near 100,400 or 100,280, and add to the position at 100,150, and run away directly if it falls below 100,000.

High-altitude light positions: open short positions in the range of 100,500 to 100,500, don’t add to the position! If it breaks through 100,580, run away quickly.

Ethereum is similar, following the weak fluctuations of Bitcoin, and is now fluctuating around 2513. There is a lot of pressure on 2545-2550 above. The highs of the past two days are around 2546. If it fails to break through today, it may kick down again. If you want to go short, try a light position near 2545 and set the stop loss at 2570.

But I think Ethereum will rise sooner or later, and it is likely to hit 2880 or even 3300 at the end of the month or early July. In the short term, it may "play rogue" first-for example, a needle is inserted to 2370-2380 (exploding long orders), and then quickly pull back. Don't be scared away, the low position is an opportunity.

In short, the market seems to be holding back a big move these two days, and short-term stocks are easy to be beaten. It is better to drink tea and watch the show, and follow it when the direction is clear. #X超级应用转型 #鲍威尔发言