Market Sharing and Communication on June 16, 2025
Today is Monday, and we close the weekly and daily charts at 8 AM. We first look at the weekly chart, where two weeks of doji candlesticks have appeared. Last week closed with a bullish candlestick and a long lower shadow, while this week closed with a bearish candlestick and a long upper shadow, indicating that the main players are currently in a tug-of-war between bulls and bears, and a clear direction has not yet been decided. Therefore, we must wait for the weekly chart to develop further to make a judgment.
On the daily chart, we have been focusing on holding above 106520 in recent days. Once established, we will continue to look bullish for the market.
After holding steady on the daily chart, there will be a phase of short-term price increase. Once we reach new highs, both long-term and short-term positions can start to be liquidated in batches. The market from $BTC has been running for almost two years since its launch in September 2023, going from 15,000 to 120,000, nearly an 8-fold increase. This bull market has seen that most altcoins have not outperformed BTC. Therefore, since the beginning of this bull market, blockchain finance has undergone tremendous changes; we can no longer hold onto the old fantasy of buying a coin and seeing it increase by dozens or hundreds of times. That era has passed. To make money in the crypto space, one needs to update their understanding, including portfolio management, coin selection, and position building, all of which must be re-planned. The end of one era signifies the birth of another new era. Adjust your mindset, let go of the past, and start anew.
Disclaimer:
This article is shared by BTB Investment Research for reference only and is not investment advice. The market carries risks; please invest cautiously, and you bear your own profits and losses.