Crypto Zhongliang: 6.12 BTC/ETH Market View!

CN
2 hours ago

The world is chaotic due to Huangmao's say so. Originally, yesterday's market was in a sideways oscillation with no movements throughout the day. At night, a Bitcoin short position was suggested at 62900, and as it struggled to rebound and slowly declined, Huangmao simply said no more, directly lifting it from 62300 to 63900. Truly speechless, this is a typical case of heavy analysis resulting in randomness in price movements, relying entirely on unreliable sources. The short position can still be held, including the Ethereum short positions near 1660. Although there was a slight increase last night, it wasn't outrageous. Whether it's news-driven boosts or rebounds, neither can shake the significant bearish trend in decline. However, the premise is to manage your position well and not to blindly add to your holdings! It’s okay to feel anxious, but your hands must not act recklessly!

After three consecutive daily bearish candles for Bitcoin, yesterday ended with a bullish candle. The KDJ is showing a turning upward motion, and the RSI is flattening with a sign of turning downward. The MACD bearish momentum continues to shrink, and the indicators are somewhat inconsistent, leading to repeated price oscillations, probing, range-bound movements, and wearing down everyone's patience. On the 4-hour level, the rebound is under pressure near the upper resistance of 64000; currently, there are signs of upward widening at the upper level, but the KDJ has already turned downward from a high position, and the RSI is also flattening and slowing down, indicating a possible downward turn, with insufficient bullish momentum in the MACD. On the hourly chart, both KDJ and RSI are turning down and heading lower, while MACD's bearish momentum continues to expand, frequently facing resistance around 63800, and currently undergoing a pullback to test the demand for the middle support.

In summary, regardless of the influence from yesterday’s news or the inherent rebound demand, the price hasn’t increased much, and the upper resistance is evident. In terms of operations, high shorts are still the main focus! For Bitcoin, pay attention to the upper resistance at 64000 and 66000. For those without a short position, consider participating in high shorts around these levels; for those already holding short positions, based on your position size, force close reasonably and add positions here to raise the average price. Pay attention to the support at 63000, 62000, and 61000 below.

For Ethereum, the upper resistance continues to focus on the levels at 1670 and 1720. The highest rebound at midnight only reached around 1693; high shorts should consider participating around here, with the lower support at 1630, 1580, and 1530.

Investing is a process of "enlightenment." A successful trader must have correct cognition as a foundation, establish good habits, and then defeat their insignificant ego and human nature through correct rules and consistent action. The front end involves cognition and habits, the middle part involves methods and logic, and the back end involves consistency and action. The top-level thought is about continuously simplifying, letting go, and ultimately accepting to achieve enlightenment.

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