June 21 BCH Evening Layout:
The market has experienced a smooth decline overnight, with all short positions fully taken. Many people wonder if it will continue to drop over the weekend. Will there be a rebound? Many friends are hesitant to take action. I would say that after the current stop of the decline, we are starting to oscillate sideways and have not quickly recovered lost ground. To be honest, there is still a possibility of continued decline, but the smoothness is definitely not as strong as yesterday. We can adopt a strategy of light positions at the front and heavy at the back to look for upward movement. Without further ado, let's start attacking:
BCH market price 468-463 for long (entering the first cabin)
First tier target: 478-473, additional positions: to be determined in the comments
Second tier target: 488-483, structural position: 498