🚀Market Analysis on June 9, 2025:
BTC Perspective:
The market is as expected. Yesterday, during the weekend when there wasn't much market movement, I provided an analysis. Currently, the trend is still bearish. Last night it followed our expectations and we got in, so far BCT has gained nearly 1000 points in profit, and ETH has gained 60 points. We won’t boast, we’ll do the work. We’ve also opened positions with the brothers; losses are shared and profits are shared.
🎉Intraday Perspective: Currently, my overall view on BTC remains bearish. From the perspective of the downtrend line, after touching the trend line last night, it immediately fell. Today, intraday may see a pullback to touch again and then continue to decline. Of course, we cannot rule out the possibility of continuous decline. I hope it pulls back a bit to get the brothers on board. Currently, BTC has a bearish formation on the 4-hour chart. First, look at the 4-hour support near 105106. If it shrinks in volume and drops to this level, a rebound can be considered. If it breaks down with increased volume, we’ll see it drop to 104000. If it rebounds to the trend line vicinity, a short position can still be attempted. The other points of reference are shown in the chart, which was drawn last week.
ETH Perspective:
ETH has currently reached the first take-profit target near 2475. Yesterday, I set the alert at 2478. I intended to make a rebound, but unfortunately, it has already rebounded and then dropped again. A volume-decreasing drop to 2475 can be considered for a rebound. If it breaks down with increased volume (which currently seems unlikely), then consider shorting it directly to the previous low.
Conclusion: The downtrend remains; primarily focus on shorting during rebounds. Just follow the trend when trading. Set your take-profit and stop-loss wisely. I generally won’t give you specific take-profit and stop-loss levels; it’s up to you to decide whether to take profit or not.