Financial mogul boldly predicts that the dollar will fall 10% after Powell steps down! 6.12 Bitcoin trading strategy

Market forecasts suggest that after Powell's term ends next year, Trump is likely to appoint a 'super dove' as the Federal Reserve chairman to align with his growth agenda. This year, the dollar index has fallen nearly 8%, primarily due to the trade war. The financial mogul boldly predicts that the dollar will plummet another 10% after Powell's departure.

Recently bullish on Ethereum, it has not disappointed me, surging to 2878 at midnight before starting to retreat. Those who entered Ethereum the day before still want to continue with the pattern, moving the stop loss to 2820 but were forced to take profits! The Bitcoin daily candlestick closed with a bearish candle in the morning, the Bollinger Bands are closing again, the KDJ three-line indicator is turning down in the overbought zone, and the MACD dual lines are basically in a converged state. The daily chart shows a normal technical pullback, so everyone should be cautious about selling! Watch for resistance levels at 111000 and 112000, and support levels at 107500, 106500, 105000, 104000, and 103000.

6.12 Bitcoin trading strategy: Aggressive traders can enter long positions in the 107500-108000 range, while conservative traders can enter at 106500-107000, with a stop loss near 106000. Target levels are 109000-109500-110000-110500, and if broken, watch for 111000-111500-112000.

6.12 Ethereum midnight trading strategy: Aggressive traders can buy one hand at 2740-2760 on a pullback, while conservative traders can enter at 2680-2700 with a stop loss near 2650. Target levels are around 2800-2830, and if broken, look for 2850-2880-2900-2950-30000, and continue to adjust the stop loss based on the situation!

Short position strategy: Short one hand of Bitcoin on a rebound at 110000-110500, with a reversal at 112000, targeting around 109500-109000-108500.

Short one hand of Ethereum on a rebound at 2880-2900, with a stop loss at 2940, targeting around 2830-2800-2780-2760.

Due to decreasing market expectations for a Fed rate cut, coupled with the lack of resolution in international situations, U.S. stocks rose sharply before ultimately closing lower. Cryptocurrency prices also followed suit but have not seen recent capital outflows. The situation is unfavorable, and risk aversion sentiment has surged, so for now, we will maintain a primary strategy of pullback to buy!