Weekend Thoughts and Operations for Big Pancakes (2025.6.21-22)

Short-term decline is a paper tiger, a massive surge of 130,000 can be imagined!!!

Volume and Market Sentiment

◦ On-chain data: Open interest decreased by 30%, short-term bulls have exited, but long-term holders are stable, with a bulk buying order appearing below 100,000 USD.

◦ Options signals: The open interest ratio of put options is 65%, with strike prices concentrated between 104,000-105,000 USD, reflecting the market's expectation for a pullback.

◦ Federal Reserve policy: The minutes from the Federal Reserve meeting on June 22 may affect market liquidity expectations, and if hawkish signals are released, it may exacerbate selling pressure.

Short-term Short Position Strategy

• Entry: 104500-105000

• Targets: First target 102500 Second target 101000

• Stop Loss: Above 106000

Short-term Long Position Strategy

• Entry: 102300-101800

• Targets: First target 103500 Second target 105000

• Stop Loss: Below 100700

Risk Warning and Precautions

· Position Management: Recent volatility has increased, it is recommended that a single trade position does not exceed 5% of total capital, reserving 30% cash to cope with extreme market conditions.

· Stop Loss Discipline: Strictly set stop losses to avoid holding onto losing positions.

· Take Profit Strategy: Take profit at pressure/support levels in batches to reduce positions by 50%, with the remaining aimed at breakthroughs.

Risk Warning: This article is for market analysis only and does not constitute investment advice. Cryptocurrency is highly volatile, please make rational decisions. #比特币走势分析 $BTC