First empty, then more win-win, pay attention to moving stop-loss for Poly! 6.11 Bitcoin Aunt's Idea
Bitcoin consolidated for a day, and due to the lack of significant decline, Ethereum's liquidity has increased, allowing Ethereum to rise again and reach a new recent high. The long position provided in the evening perfectly reached the target, and Bitcoin also has over a thousand points of space. Congratulations to those who followed!
From a technical perspective, after four consecutive daily candles, this morning a long lower shadow doji candle appeared. The Bollinger Bands slightly contracted, the KDJ three lines golden cross upwards, the J line slightly slowed down at a high position, and the MACD dual lines also formed a golden cross at a low position. The volume slightly increased, but Bitcoin is only consolidating at a high position, so intra-day focus should first be on the gains and losses of previous highs. If broken, it will open up space above; if not, there is a high probability of a pullback! Upper resistance levels to watch are 111000 and 112000, while lower support levels to watch are 108200, 107500, 106500, 105000, 104000, and 103000.
6.11 Bitcoin Trading Strategy: Aggressive traders buy on the pullback at 108200-108500; conservative traders enter at 107500-107800, with a stop loss at 107000, targeting 109500-110000-110500 nearby. If broken, target 111000-111500-112000 nearby.
Short position strategy: Aggressive traders enter at 111000-111500, with a stop loss near 112000, targeting 109000-108200-107500 nearby. If broken, look for 107000-106500 nearby, and continue to adjust stop-loss based on situation!
6.11 Ethereum Trading Strategy: First, short one lot at 2810-2830 intra-day, with a stop loss at 2850, targeting 2780-2750-2720-2700 nearby. If broken, look for 2680-2650 nearby, and continue to adjust stop-loss based on situation!
Long position strategy: Aggressive traders buy one lot on the pullback at 2700-2720; conservative traders enter at 2650-2680, with a stop loss nearby 2620, targeting 2750-2780-2800 nearby. If broken, look for 2830-2850 nearby.
The first meeting of the China-US economic and trade negotiation mechanism has made significant progress, and the achievements are beneficial for further building trust between China and the US, temporarily considered a positive factor. Coupled with good performance in US stocks, high closing, and slight increase, so temporarily do not blindly sell off. Operate with good stop-loss to control risks, and pay close attention to capital flow! #看懂K线 #以太坊生态回暖