June 20 Bitcoin Market Analysis

Why do you always struggle to hold onto profitable trades while enduring losing ones? - Trading is not about luck or guessing price movements; it requires a set of "rules": knowing when to buy and when to sell, which must be followed systematically; otherwise, it’s just random trading!

In the crypto market, most traders are obsessed with short-term speculation, neglecting the core logic of long-term profitability. Trading is not just a pile of technical indicators, but a comprehensive game of systems, psychology, and capital management.

Bitcoin has been consolidating around 110,000 for a month, and despite three attempts to break upwards, it has failed, showing signs of fatigue! From various perspectives, it is on the verge of a decline.

Since June 9, Bitcoin ETFs have been continuously flowing in, yet the price has kept falling, which is quite rare in historical trends, further confirming the weakness of bulls. Therefore, the upcoming approach is to continue maintaining a bearish outlook.

Ethereum is similar; it tested the bottom many times yesterday but did not fully break down. Each time it reached support, it bounced back immediately, although the strength of the rebounds has not been significant. If Ethereum continues to consolidate in the current range, there remains a risk of a downward breakout in the short term.

In summary, overall market liquidity remains low. In the current environment, if a rebound occurs, it is advisable to consider reducing positions at highs. It is expected that the market may maintain a low trading volume state for the next two months, making swing trading strategies more suitable.