Hey everyone! Yesterday I already indicated not to look for trend continuation, and to operate with short longs and long shorts.

BTC Trading Plan ｜ June 12

1. I hope the friends who were fomoing BTC new highs and ETH 3000 yesterday have set their stop losses.

2. After BTC failed to reach a new high yesterday, it entered a downtrend at the 15-minute level, EMA moving averages formed a breakdown, turned, crossed, and created a bearish arrangement, currently it has not stopped falling.

3. There are bearish signals, but the reason I didn't short is actually found in the previous text. I believe this time BTC's rise may break a new high. If the trend continues, then the bull market goes on; if it cannot break above, BTC is about to enter a bear market. However, betting at this position carries too high a risk, so I didn't act. It's like life or death.

4. Next, let's take two steps: the first step is to catch the rebound, and the second step is to short. There are currently two positions.

The first position is at the 4-hour level MA60 + previous support, around 106700. This position will see some rebound, or even hold up to form a short-term rise, but I can't say how much. I suggest monitoring it closely; if the situation is bad, close the position directly.

The second position is the starting point of the 4-hour level door, which is above 105000. This position is a must; I believe if the market drops above 105000, it will at least undergo a wave of 1-hour and 15-minute moving average repair, which means consolidation, re-gathering moving averages to choose a direction. I still see the subsequent direction as bearish. I think there's a high probability that BTC will form a daily level W-bottom, which is also a way that can break retail investors' hearts.

5. I mentioned in my article yesterday that I am bearish in the medium term, and for the short term, if there's a rebound, just take the profit and run. If the moving averages undergo a 1-hour level repair later, I will operate according to the moving average direction, tentatively setting the target as 100,000 W-bottom under the assumption of vaguely correct deductions.

6. Why do I say a bear market is coming?

I will write a separate article sharing updates on daily level distribution. Why is it an update? Because I previously wrote a version, so now it is an update, and the market is moving in the direction I deduced.

7. The two points shared yesterday have seen a certain rebound; today I only took two small bites. It's been a while since I had a big one, I’m a bit greedy.

Thank you.