Daily Market Analysis in the Crypto World (06.23)

Summary:

1. Pay attention to the 90-day tariff period of Old Trump

2. The performance of US Treasuries is unsatisfactory

3. The “false weakness” of gold

4. Natural gas has increased by 25% compared to the last mention

5. Let's talk about human nature

6. Let's discuss the adaptability of pure technical analysis and short-term swing trading

7. The drop to 98100 over the weekend means that the daily line hasn't completed the current move. Even if 98100 is the bottom of the current 4H level decline, a new low will still appear after the rebound.

Operationally:

1. Short-term:

$BTC is currently unable to determine if 98100 is the bottom of the current 4H level decline, but in any case, since the current 4H level decline has already dropped more than 10000 points down to 98100, if one must trade, one can only consider going long in the short term.

The take profit target for long positions is around 103500, after which there will still be a new 4H level decline.

$ETH is not discussed, and $SOL can start dollar-cost averaging in the spot market. Currently, SOL at a small level has started to resist a decline; even if there are new lows, from a long-term perspective, the current position remains good.

2. Mid-term:

Holding short positions, the major cryptocurrency will at least reach the daily MA250 line, and over time, this position will likely rise to around 93000.

For pure spot players, buying a little daily when the major cryptocurrency is below 94000 is fine. However, for cryptocurrency futures, the levels need to be a bit stricter.

Spot purchases of SOL can start dollar-cost averaging; those pursuing extreme cost-effectiveness can wait until the major cryptocurrency drops below 98000 to start dollar-cost averaging, but the difference is not that significant, and from a long-term perspective, it doesn’t really matter that much.

3. Mid to long-term:

Buy in the spot market at the daily MA250, and allocate 1% of the position to a 100x leverage cryptocurrency long position. Then allocate another 1% of the position to a 100x leverage cryptocurrency long position at EMA250, and again allocate 1% of the position to a 100x leverage cryptocurrency long position at MA350.

No take profit set for long positions; manually stop loss if the weekly closing entity falls below the weekly MA/EMA60.

SOL's cryptocurrency long position should be fully allocated at the 111 level (6% position, 20x leverage).

Spot allocation: Major cryptocurrency 60%, SOL 20%, Altcoins 20%.

Altcoin targets: JTO, SUI, SEI, MKR, AAVE, TAO, XLM, VIRTUAL.

New additions: KAIA, LQTY, RAY.

Removed: SWARMS, LINK, RENDER, STX, ONDO.