6.5 Thursday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
The afternoon bearish trend continues strongly, and the bearish strategy is progressing as expected. In actual trading, Bitcoin entered a short position at 105169, with a take-profit at 104359, successfully capturing a 810-point move; Lao Tian accurately grasped this wave of market movements and reaped significant rewards. Afternoon long and short positions are still being arranged, and I sincerely thank every friend who trusts Lao Tian! In the afternoon, aggressive traders can still take a light long position again, continuing to wait for a rebound to a high point before decisively arranging short positions. Every rebound in the market is a good opportunity to enter short positions.
Currently, after a second decline in the afternoon, the short-term trend has upgraded to a larger level. The 4-hour bearish candle is probing the middle track support, with bearish momentum continuing to release, and bullish sentiment under pressure, while smaller-level movements appear weaker. The market shows characteristics of rebound accumulation downward, with high points continuously moving lower, indicating that there is still a demand for downward movement. Counter-trend bottom-fishing carries a significant risk and is by no means a good strategy. The afternoon strategy remains unchanged, continuing to adhere to the high short strategy.
Trading Suggestions:
Bitcoin range 105000-105500 short, target 104000.
If it breaks above 105500, add to the short position.
Ethereum range 2630-2650 short, target 2550.
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