June 29

Weekly Summary and Next Week Outlook

Btc

Weekly Level

I suggest that you should not get caught up in something meaningless.

In my view, what is a meaningless thing?

The understanding of whether the peak structure at the weekly level is still valid. I believe there is no need to discuss it.

It's simple, the peak at the weekly level is still there. It hasn't broken. It is still something I need to reference; it hasn't broken, so I need to reference it. When it really breaks, I will choose to analyze it again.

We still recommend trading the last short position in the range of 109000---110000.

We have already stated this for at least three trading days.

If the price really reaches this position, I may not give a prompt; I assume you all have done it.

To summarize, the weekly peak still exists. Before it breaks the peak, we still believe in the influence of the peak, referring to the established plan for short positions in the range of 109000---110000, with a stop loss above 112000, which means the big cake reaching a historical high. I think taking profit at short-term levels of 108000 or 107000 is irrelevant. If you want to hold longer, the reference target below may need to be around 100000.

Conservative friends should trade close to 110000, the closer the better. For the more aggressive ones, start entering short positions when 109000 is reached, and then carry out reasonable scaling operations within this range.

Daily Level

We have drawn a downward oscillation channel, and the upper edge of this channel has not yet been touched. There is still a gap, and we believe this position is highly likely to be touched, which is also the issue we have been mentioning in recent days.

All three values lean towards bullish.

So you should not consider whether 109000 can be reached. We believe it is more important to consider whether to short at 109000 or 110000.

Four Hour Level

A second peak has appeared.

The four-hour level is now facing a decision.

The same position and the same shape make both bullish and bearish views reasonable.

But it cannot go both bullish and bearish at the same time. So you must give me an answer.

The smaller cycle gives us an idea.

Enter a short position at 108160 for the big cake.

Take profit at 107700 or 107500; this is the space.

Stop loss above 108600.

The big cake is in an awkward position at the four-hour level; only the hourly level can provide an answer.

Currently, the hourly level is forming a peak. If the peak is formed, mainly look for four-hour bearish patterns; otherwise, honestly enter short positions at 109000----110000.