🧠 Current Market Observation June 29

There is a small gap at 106225 for Bitcoin futures. I was hoping to get an opportunity to go long at this level, but it didn’t give me a chance. Since it didn’t provide that, I can only wait and see; no FOMO.

At this stage, I don’t know how important the so-called "last chance to get on board" is, but I do know if you act recklessly and make random moves, the market will immediately hand you a ticket to "get off."

Currently, the BTC price is near 108200, and as soon as the futures market opens, there’s another gap. Such gaps are likely to indicate that when it goes up, it moves particularly strong or when it goes down, it’s particularly weak.

It feels like it’s leaning towards strength right now, and the possibility of continuing to move upward seems quite high.

📈 My Trading Plan

✅ BTC Long Position Thoughts:

I’m looking at the range of 106225 - 107000, waiting for it to come down.

No random guessing of the bottom; I’ll wait for a reversal candle and enter once confirmed.

Stop-loss will be set at the previous isolated low, the position is clear.

❌ BTC Short Position Thoughts (actually, not very inclined to short now):

If the price reaches 109000, I’ll take a look at ETH’s reaction first and prioritize shorting ETH.

If BTC goes up to 111000 (historical level), I might consider taking a left-side short.

Stop-loss will be straightforward, just give it 566 points above the ATH for some space.

If this trade fails, I’ll revenge trade once; too many people have failed while continuously trying to short at highs.

🌐 E (ETH) Short Position Plan

ETH is too weak now, just at 2454, unable to keep up with BTC.

The range I actually want to short it is 2550 - 2580.

The logic for shorting it is very clear:

Two pressure bands from the Vegas channel (288-388 and 576-676) overlapping and suppressing.

Plus, a POC pressure point is right at 2550.

I will set my stop-loss at 2588.8! Good luck and good fortune.

If it hits my stop-loss and makes a new high, I’ll reassess the situation and not rush into anything.

⏰ Other Small Strategies & Reminders

What if the price reaches the level while I’m sleeping? Set a reminder.

If I set a reminder and it doesn’t wake me up? Then I’ll wait for it to break the key level and make a right-side trade to short as well.