On June 19, the intraday market has completed its course, with Bitcoin peaking around 105,100 and dropping to a low near 103,800, while Ethereum peaked around 2,540 and dropped to a low near 2,450. Throughout the day, Lao Wang suggested monitoring the actual market conditions to engage in high short rebounds and low position longs, as the intraday market fluctuations were not large, still operating in a wide oscillation range for long and short battles. When there is no clear market direction, it is best to observe, and secondly to follow the trend. Fortunately, in the afternoon, the market fluctuations were captured, and the high short strategy was realized, leading students to profit, each achieving their own returns.

Due to the slow pace of today’s market, combined with the American-style break, the intraday gains were quite small. Lao Wang did not provide many insights to the students he was guiding, resulting in overall minor gains. The future market fluctuations are expected to remain slow; we can observe, as not taking action is the best strategy. More aggressive traders may also engage in short-term opportunities in the direction of the trend.

In the four-hour Bitcoin price chart, the price has consistently been at the lower boundary of the oscillation range, and the Bollinger Bands show no signs of contraction. Lao Wang anticipates a slight retracement trend; in the one-hour price chart, after the price reached the lower boundary of the Bollinger Bands, there was a wave of bullish rally, returning to the middle band. Lao Wang's suggestion is still to observe in the evening or make trades. Aggressive traders can continue to follow Lao Wang's strategy of buying on retracement and shorting at high positions.

Operation Suggestions

Buy Bitcoin near 104,000, target around 105,500

Buy Ethereum near 2,480, target around 2,550