6/27 btc/eth
During the weekend, liquidity weakens, today’s viewpoint is a quick read
As btc's price rises, buying pressure will gradually weaken, while selling pressure will become more apparent. The small-scale stepwise strong trend is alleviated, currently maintaining a consolidation in the small range of 108100-106400. During the weekend, without the support of an ETF, liquidity will be halved. Therefore, in the short term, it is necessary to consider changing the short-term direction to prevent a market shift over the weekend and to avoid liquidity being 'sucked dry.' (Figure 1)
When btc weakens, eth cannot perform independently, but the frequency of large whale buying and selling eth is relatively high, resulting in significant price fluctuations. However, eth still generally follows btc. (Figure 2)
Additionally, the eth/btc exchange rate still has a demand for pullbacks on a small scale, so the entire market during the weekend will be more inclined to short on rebounds. Currently, opportunities can be found to position for the weekend’s pullback. (Figure 3)
Today's viewpoint: Short btc around 108000-109500, with a defense above 11000, short eth around 2470-2500, with a defense above 2530.
PS: For day trading, if the appropriate entry timing has not been reached, a ladder-style phased entry can be employed. Eth has more spikes, so it's essential to find the best position.
In a bull market, there are more traps than opportunities! Want to avoid pitfalls and seize real opportunities? Click on my profile to follow me! I share practical insights and first-hand information daily to help you make money in this bull market and not become fodder! Follow along to invest without getting lost!
