6.19 The impact of the interest rate meeting is minimal; is the BTC bearish trend returning? Looking back at BTC's data, the price fluctuations have not caused panic among investors, and the turnover rate has not only failed to rise but has actually decreased. More investors are not worried about the short-term trend of BTC prices; only the short-term investors who bought in the last two days have strong expectations to exit. More investors may still want to take a gamble on Thursday's interest rate meeting, which currently shows that the result is to maintain the interest rate unchanged, having a minimal impact. Moreover, the influence of geopolitical conflicts is not expected to be significant, at least not lasting long. Additionally, from the supporting data, the most solid support range is currently between $93,000 and $98,000, where the turnover of this group of investors is also decreasing. Meanwhile, the stock between $100,500 and $105,000 is gradually increasing. Currently, there are over 1.07 million BTC accumulating near $105,000. Although this is not a large amount yet, this position continues to accumulate primarily due to short-term investors, so it is not stable. Operation suggestion: Short BTC at $105,000-$105,500, with a target near $102,000-$98,000. Defense at $106,000. Short ETH at $2,520-$2,560, with a target near $2,400-$2,300. Defense at $2,590.
Trump stated that he is working to create a 'clear and simple market framework' to help the United States lead the world in Bitcoin and cryptocurrency again. What do you think?
6.12 BTC strong surge, the bears are retreating, a reversal is imminent. Today, the price of BTC has once again broken through the $110,000 mark in stages, mainly because it was reported that Bessenet achieved good results in negotiations with trade representatives from London and China. Although neither China nor the United States has released substantial content, from Bessenet's statements, it should be positive, but it may come as a surprise to Trump, which is why Bessenet hurried back to the U.S. to report before finishing the talks.
The spot ETF data is in line with expectations; ETF investors are also chasing highs and cutting losses. However, this time, BlackRock's investors have made more gains. On Monday, both BlackRock and Fidelity had net inflows exceeding four digits, and none of the 11 ETF institutions had a net outflow of BTC. Recently, ETH's data has been slightly better, although it is still limited, but there is no doubt that investor interest in ETH has been slightly higher than in BTC over the past month, and ETH's price has shown a strong upward trend in the past two days. Especially, BlackRock investors have continued to increase their investments today, and the short-term price has clearly entered a key resistance zone. If it does not break through around 2900, there will still be opportunities for shorting.
Trading suggestions: Short BTC at 109500-110000, target around 105000-102000. Stop loss at 110666.
Short ETH at 2855-2880, target around 2600-2400. Stop loss at 2920.
The bullish trend is strongly stretching, Bitcoin has once again returned to the 110,000 mark, and Ethereum is once again under pressure at the 2735 resistance level. Today, we continue to look for long positions, aiming for 2680--2660. Stay tuned; any market movements will be announced and illustrated.
The position of 2520 given in the early session is still good, the resistance level is still very strong, and the support level below has already appeared.
The trend is strong, do not blindly short the market, try to be bullish, aiming for 2650--2800. Those who are shorting will face an explosive move. Consider shorting only if there is a downward trend; right now, let's consider shorting only if the stretching resistance level is not broken.
Recently, Ethereum's trend has reached a resistance level above 2580, so we can only watch its decline now, looking at 2510. If this level continues to break down, then we will continue to look for a small dip. If it holds, then we need to consider going long.