Advisor discusses hot topics:
To be honest, the market is indeed becoming more cunning, with various positive factors and micro-strategies emerging every day to support buying. Every time Bitcoin tries to take a break, the micro-strategy acts like a shot of adrenaline and immediately bounces back.
To put it bluntly, this trend is a typical strong bullish structure. Without major negative news, the position at 100K is really not something you can just break.
Although the increase was small yesterday, our low long strategy steadily hit the first target. A solid gain. So we need to continue this approach in the short term: buy when it pulls back to support, don't hesitate.
However, getting back to the market, it is indeed a bit off; the short liquidity piled up above has reached the highest level in nearly two months. You heard that right, it’s truly stacked up like a mountain. Normally, under these circumstances, the market should have had a wave of explosive short liquidation.
But the problem is that the spot premium index continues to decline, which means the spot market is not giving any favors. Instead, while you are in a tug-of-war in the contract market, they are quietly offloading.
This is very typical; one side is pulling the trigger for liquidation while offloading chips. Familiar with it? Quite familiar, right? So the market in recent days has been a bit tricky, and the advice I can give is limited.
Additionally, there is CPI tonight, which is also crucial. If the market really wants to clear these shorts spontaneously, it means there are no larger negative pressures.
But if these shorts are not acting, the only explanation is that something more fearful is about to come. Either a CPI explosive rebound, or a pretty façade with no progress, just some negative factors weighing on the market.
Today, by the way, let's talk about Ethereum; it has actually been quite strong these last two days. Although it has been grinding in the 2380-2788 range, it finally broke through 2800 recently, indicating that the previously resistant 2660 has now firmly become a secondary support.
Last week, Bitcoin made a compensatory drop before Ethereum filled a gap, and now it's Ethereum's turn to surge. In the short term, we can look at 3112, which is the upper band of the weekly Bollinger Bands; if it confirms stability at 2820-2880 on a pullback, it can aim for 3300 or even 3600.
MACD openings are all pointing upwards, both daily and weekly are strong, and the 5-day line is also preparing to turn positive, showing a typical invisible bullish accumulation trend. Short-term pullbacks can be seen as short longs; just pay attention to position control and set defensive targets.
Trends observed by the advisor:
Resistance level reference:
Second resistance level: 111700
First resistance level: 110300
Support level reference:
Second support level: 108900
First support level: 107700
From the current 4-hour perspective, as long as the price can stabilize above the short-term uptrend line, the bullish rebound idea can be maintained. If there is a pullback, focus on the trend around 107.7K and the 200-day moving average. It is not advisable to blindly chase highs; control trading pace in conjunction with the RSI overbought zone.
Today’s focus is to observe whether the price can steadily break through the first resistance of 110.3K, and keep raising the lows on the uptrend line. If a double top forms around 110.3K, don’t chase the highs. As long as it doesn’t break below the trend line and the lows of 108.7–108.9K, we can continue to maintain a short-term rebound idea.
108.9K is the previous low formed before last night's lowest closing; as long as it does not break, it can support the current short-term rebound. Even if it breaks, as long as the K line closes with a long lower shadow, it is still favorable for the bulls.
If the market further declines, 107.7K is a key support area to focus on, where multiple moving averages converge, making it a very suitable short-term buying position.
Advisor's segment on June 11:
Long entry reference: 107700-108900 range for multiple entries, target: 110300-111700
Short entry reference: not currently referenced
If you truly want to learn from a blogger, you need to keep following them, rather than making rash conclusions after just a few market observations. This market is filled with performance-driven players: today screenshots of long positions, tomorrow summaries of short positions, making it seem like 'always catching tops and bottoms,' but in reality, it’s all just hindsight. A truly worthy blogger’s trading logic must be consistent, self-coherent, and withstand scrutiny, rather than jumping in when the market moves. Don’t be blinded by flashy data and out-of-context screenshots; only through long-term observation and deep understanding can you discern who is a thinker and who is a dream maker!
