6/27 btc/eth
During the weekend, liquidity weakens, quick reading of today's views
As the price of btc rises, buying pressure will gradually weaken, while selling pressure will become more evident. The strong upward trend in smaller time frames is alleviating, currently maintaining a small range of 108100-106400, and during the weekend, without the support of an ETF, liquidity will be directly halved. Therefore, in the short term today, it is necessary to consider changing the short-term direction to prevent a weekend shift in the market and to collect liquidity. (Figure 1)
When btc weakens, eth cannot perform on its own, but the trading frequency of large eth holders is relatively high, so the price performance shows larger fluctuations, but overall it still follows btc. (Figure 2)
Additionally, the eth/btc exchange rate still has a demand for pullbacks in smaller time frames, so the entire market will tend to sell on rebounds during the weekend. It is now a good time to look for opportunities to position for the weekend's pullback. (Figure 3)
Today's view: short btc around 108000-109500, with a defense above 11000; short eth around 2470-2500, with a defense above 2530.
PS: For intraday trading, when the appropriate entry point has not been reached, a laddered approach can be used for partial entry. Eth has many price spikes, so it is important to find the best position.