Brothers, let's have a pinned post regarding the future trends of BTC and ETH
Today is June 12th, and it has been nearly a month since we cleared our positions. This process has been quite agonizing.
Just remember one point: at the bottom, who is instilling faith in you to see the target of 2600-2800 for clearing positions, and then to avoid risks when reaching that target.
BTC scenario planning is as follows:
Before the end of July, we aim to reach the low point of this round. Currently, the first support line to watch is the 100,000 mark; if it breaks, we can focus on the first target point of 92-96,000. The second target range can only be seen if we break below 88,000 to reach the minimum entry point of 80,000-84,000. After that, we can look at the range of 110-120-130,000. No matter how much BTC drops in the future, it won't drop significantly this year, remember this phrase. So when it drops later, don’t think about looking lower; instead, focus on studying ETH.
ETH scenario planning is as follows:
Before the end of July, we aim to reach the first target range of 2000-2200. If BTC recently breaks below the 100,000 mark, then ETH must first break below the range of 2560-2600. After that, we can consider how strong ETH is performing. If ETH shows weakness and BTC drops to the range of 96,000-92,000, ETH will drop to just above 2000. If it can hold strong, then the corresponding price will only be in the range of 2200-2400, or even hovering around 2500 without dropping. Therefore, the first target entry is in the range of 2000-2200, with a minimum of 1800. After entering, the target directly looks at the range of 3200-3600. If it directly breaks the 3600 mark, we can look at historical highs above 5000. If the market makes two waves without reaching 3600, then we have another phase of waiting for a pullback to the range of 2800-3200 to realize the final wave's target above 5000. If strong, we can directly look at above 7000.
If this target is achieved before May next year, then later we can look bearish indefinitely; any rebound is a short opportunity.
Once again, I emphasize: this article is just a scenario description and does not serve as any investment value reference.
Remember, those who chase high prices are the ones who look bearish at the bottom. Once BTC breaks below 100,000, you will find that the market will have more people looking bearish, just like the recent days where some expected it to rise to 130-150,000. It’s still the same group of people. I can't control what others do; I only know one thing: don’t chase high prices, don’t panic sell, and grasp the rhythm of buying low during major drops and selling high during major rises. This is a responsibility.