6.10 Strategy Analysis
Bitcoin rose unilaterally last night, directly standing above 110000 points. This rise was expected, but the intensity exceeded expectations, resulting from multiple positive news in succession, with 7 favorable news already mentioned in my previous post. Stimulated by such positive news, today's bullish direction is likely to be consistent. If it is too consistent, one needs to guard against the occurrence of a market crash, where it may fall first and then rise. Those chasing highs should be cautious as there is a possibility of a sharp decline today. When entering long positions, try to choose low points that have adjusted for more than 4 hours. Otherwise, if the adjustment has not ended and there is an expectation of a sharp decline, the position may not be good. After this wave of large rises, breaking through historical highs is very likely. Now, we need to see the strength of the push towards historical highs: whether it continues to rise strongly or gets hit after reaching historical highs. An adjustment above the new high is inevitable; only if the main force is still willing to continue after the adjustment will history continue to be created.
Bitcoin short contract position, short-term short operation near resistance point 112800 above, take profit near 110150, stop loss at 113600.
Bitcoin long contract position, short-term long operation near support point 107850 below, take profit near 111965, stop loss at 107050.
Ethereum directly initiated a strong upward attack at the entry point during yesterday's live broadcast, and this wave of strength exceeded expectations, breaking through three resistance levels in succession, directly standing above 2700 points, almost creating a new high. This trend is consistent with our previous analysis; when Bitcoin rises strongly, Ethereum will only rise stronger, accelerating with the trend. The expectation of catching up arises in each acceleration. Now this strong rise has accumulated a lot of profit positions, and in the morning, it may first need to digest the profit positions and selling pressure, and after a suitable adjustment, enter the next round of upward attack. Under favorable influences, a strong rising market is expected to start. Pay attention to the strength of this wave to hit the new high of 2788; if the strength of breaking through the new high is not strong, be cautious about taking profit and leaving. Conversely, if it rises strongly with volume, then it can be held longer. Overall, the market first falls and then rises, adjusting to a low point, and entering at low levels.
Ethereum short contract position, short-term short operation near resistance point 2835 above, take profit near 2730, stop loss at 2850.
Ethereum long contract position, short-term long operation near support point 2630 below, take profit near 2800, stop loss at 2615.
$$BTC
The viewpoint is for reference only, with stop loss and take profit.
