ETH ｜ BTC Intraday Strategy Sharing (6.12)

Good afternoon everyone. Yesterday, both Ethereum and Bitcoin trades, whether executed at market price with me or through limit orders, have seen Ethereum limit orders basically entered at the right moment, currently yielding around 80-100 points of profit. Bitcoin has captured a profit of 2000 points. I have not taken profit yet and continue to hold. The first take profit level for Ethereum is around 2660, with a pattern position around 2480. This is a dream pattern position. I suggest that when reaching the first take profit, it's best to secure your capital first and then take some profit. Ethereum's recent surge failed; it only touched the top of the fluctuation zone briefly before quickly retreating. The selling pressure at 2900 is still quite strong. 2660 is a position at the bottom of the fluctuation zone, and it is not advisable to enter long here. If this wash is thorough, the entry long position around 2400 has a high probability of success. The overall structure of Ethereum is definitely an upward trend. Whether the daily KDJ indicator can hold or form an M-top, which is a double top, is unknown. Moreover, the daily Bollinger Bands are in an opening formation, and the bulls are still quite aggressive. If it can hold at the middle band, then after this pullback, it might really reach around 3000. So we need to first see if it can hold at 2660. We already have short positions, so there’s no rush to enter long. If it cannot hold, we will continue to hold. If it does hold, I will remind everyone to take profit and then enter long again!

Bitcoin's recent 4-hour three-pin top test touched the bottom of the channel and then pulled back. I was watching yesterday and felt it was weak and poised to drop. I didn't expect Ethereum to rally itself, but fortunately, it was brought down by Bitcoin. The concern is if Bitcoin consolidates at a high level, then the funds will shift to Ethereum. Bitcoin, whether from the 4-hour or daily chart, is showing a double top pattern. In this wave, we can take profit below 106000. The ideal entry long position is around 104000. I don't know if this wave can hold because the Bollinger Bands are showing a flat opening formation, and the distribution phase is basically established. Whether it can drop to 9 is another story. We will take it step by step. The ideal entry is 104000 to catch the rebound, and then we will make the next choice based on the situation! $BTC