June 17 Evening Market
Market Depth Analysis and Strategy Guide
Dear investors, hello everyone! Today we will conduct an in-depth analysis of the market trends for BTC on the evening of June 17 and provide professional investment strategy recommendations.
In today's market, investors who shorted around 109000 have already gained 3000 points in profit. Congratulations to those who seized this opportunity! From the current trend, although we cannot be 100% certain that it won't drop below 100300, it is highly likely that it won't. If it does drop below, we will analyze other situations separately; for now, let's formulate strategies based on the current trend.
The adjustment that started from 112000 is currently showing a sideways consolidation pattern, forming an overall triangular shape. The market is in its final wave, and the subsequent trend is expected to be full of twists and turns. The current support level is around 104000, which is crucial. If it holds, a rebound will occur. However, it is important to note that this is merely a rebound, and the rebound will show a contracting trend, meaning the fluctuation range will become smaller and smaller until a final directional choice is made.
The operational advice for BTC perpetual contracts is as follows: go long around 104000, setting a stop loss of 800 points to control risk. As for taking profit, everyone can flexibly set it based on their own holding level, ensuring that while safeguarding profits, they can also make the most suitable decisions based on their risk tolerance and investment goals.
Investment carries risks, and market conditions change rapidly. The above analysis and recommendations are for reference only. I hope everyone can achieve ideal returns in their investments!
