"The truth is always held by a minority, otherwise there wouldn't be enough rice to go around."
Click to open the video "Today's Market 6.28": https://zhuanlan.zhihu.com/p/705987747
Click to open the video "Today's Market 6.28": https://www.bilibili.com/video/BV1Fw4m1e746?t=12.4
Click to open the video "Today's Market 6.28": https://weibo.com/7866282591/Ol6dH0Iet
(Video recording time: 2024.6.28.13:00.)
☀ BTC major trend: upward;
Minor trend: oscillating;
Short-term trend: downward;
BTC spot or low leverage: it is recommended to wait.
☀ ETH major trend: upward;
Minor trend: oscillating;
Short-term trend: downward;
ETH spot or low leverage: it is recommended to wait.
✿The title of the previous video (May 28) was "BTC is probably entering a garbage time again, are you ready with your bullets?". The trend has been basically as expected for the past month, so no more videos have been released.
✿External environment: Due to the anti-inflation data being worse than expected, the Fed continues to tighten, and there is even the possibility of further interest rate hikes. Germany's ZF is preparing to sell 3000 BTC, and the US, UK, and China's ZF also have similar actions. The "Mentougou Claims Management Fund" will also sell in July, and the market's pessimistic sentiment continues to spread. ETF institutions for spot trading have been consistently selling more than buying. In the future, it is probably only positive data, interest rate decisions, and the results of the November election that can stimulate BTC to emerge from the gloom. But in any case, it is a high probability event to break the previous high within the year. Therefore, if you are stuck with spot (including altcoins), do not cut your losses, just wait patiently. There may be good news for ETH spot ETFs next week, which is a factor in ETH's recent resistance to decline, but when all the positive news is out, it is possible that it will turn into negative news, just like BTC on January 11.
✿Historical patterns: Traditionally, there is a relatively flat "summer doldrums period" from June to October each year. According to data from the past fourteen years, Bitcoin usually experiences a significant decline during this period at the end of September or early October. This seasonal feature of BTC is similar to the "sell-off" pattern in the stock market from May to October, and the two are strongly correlated. Although there have been individual years where BTC has performed well during the summer doldrums period, most of the time there has been a different degree of decline. Therefore, based on historical data, it is a common phenomenon for Bitcoin to decline during the summer doldrums period.
✿Technical trends: In the previous two videos, Lao Wang believed that based on the current external conditions, there is a possibility that BTC will replicate the market trend from April to October last year. The difference is: it is possible to break through the M-head neckline at 57000, creating panic and liquidating long positions again. 51500 is a strong support level below, but it is not ruled out that it could drop to 45000, so be prepared mentally.
✿ Short positions can try to automatically short at the EMA60 indicator on the 12-hour and daily levels, with a stop loss not exceeding 1.5%. (Not every exchange has this function, if you don't know, you can ask me)
Trading with my analysis but without me is subjective and speculative, it is nothing more than wishful thinking. Trading must be done in line with the trend, and as long as the market provides an opportunity, hold on, whether long or short, and strive for the maximum benefit at the smallest cost. If you are right, hold on; if you are wrong, run away quickly.
(For details, please see the video)
Deals executed:
✿BTC: On June 5th, shorted at 71400 by touching the 12-hour RSI6-80 indicator, the profitable short position has not been closed, it is recommended to set a moving stop profit near 66600 and hold on.
✿ETH: On May 27th, shorted at 3937 by touching the RSI6-80 indicator, the profitable short position has not been closed, it is recommended to set a moving stop profit near 3555 and hold on. On June 24th, longed at 3250 by touching the RSI6-80 indicator, the profitable long position has not been closed, it is recommended to set a moving stop profit near 3327 and hold on.
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The writing time for "Focus Points" is 2024.6.28.13:00. (Limit orders are very dangerous, and the loss from stop loss may be very large! Please operate with caution.)
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BTC short-term ambush focus recommendations (do not open a position if the focus points are not met, if accidentally activated, please manage the profit and loss on your own):
Short: (Automatic commission) ❶ Touch the 12-hour or daily RSI indicator 80 to automatically short, with a stop loss of 2% (or manage the profit and loss on your own) ❶ Automatically short at the EMA60 indicator on the 12-hour and daily levels, with a stop loss not exceeding 1.5%
(Focus) ❶ Near 65000
Long: (Automatic commission) ❶ Touch the 12-hour or daily RSI indicator 20 to automatically long, with a stop loss of 2% (or manage the profit and loss on your own)
(Focus) ❶ Near 57000, 51500, 45000
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ETH short-term ambush focus recommendations (do not open a position if the focus points are not met, if accidentally activated, please manage the profit and loss on your own):
Short: (Automatic commission) ❶ Touch the 12-hour or daily RSI indicator 80 to automatically short, with a stop loss of 2% (or manage the profit and loss on your own) ❶ Automatically short at the EMA60 indicator on the 12-hour and daily levels, with a stop loss not exceeding 1.5%
(Focus) ❶ Near 3480
Long: (Automatic commission) ❶ Touch the 12-hour or daily RSI indicator 20 to automatically long, with a stop loss of 2% (or manage the profit and loss on your own)
(Focus) ❶ Near 2870, 2700, 2500
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Special reminder: Do not trade frequently, do not make counter-trend limit orders.
The operation recommendations are fixed after being published, but the market changes like a battlefield. In order to reduce risks, increase the winning rate and profit rate, it is strongly recommended to watch the more scientific methods in the video for comprehensive protection.
Lao Wang's Quotes
✿ Do not hold on to a position, the profit brought back will eventually be given back to the market.
✿ Do not guess the top or bottom, the profit from guessing will eventually be given back to the market.
✿ Do not rely on news, because this is still "guessing" the top and bottom.
✿ Do not judge the trend based on secondary chart indicators.
✿ Do not easily exit a profitable position, because you may be running away at the halfway point.
✿ Do not get excited when you see large bullish or bearish candles, because it may be a "performance" for you to see.
✿ Do not think that the market you see is the last wave of the market and act recklessly; as long as your capital is still there, there will be opportunities every day.
✿ Do not trade frequently, not only will it make you lose sight of the big picture and increase the chances of making mistakes, but it will also increase trading costs, which is not worth it.
✿ Do not make counter-trend trades, hold on firmly if you are right, and run away quickly if you are wrong.
✿ Do not buy low out of greed, nor sell high out of fear, do not act recklessly unless the trend has changed.
✿ Do not make trading your main occupation, do not stare at the screen, the time spent staring at the screen is inversely proportional to the profit.
✿ Do not easily trust others' opinions, unless you are sure they are worth believing.
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☯ The market is guessed by the majority, and when it accumulates to a certain amount, it will erupt in the opposite direction of the majority's guess.
☯ Trading is the most difficult skill to master, the more delicate it is, the less risk there is, impatience and roughness will be extremely dangerous.
☯ Qualified traders not only need to grasp the direction of the major trend, but also need to have the ability to insight into micro changes, because any major market movement starts from the one-minute chart and never returns…
☯ It is better to retreat and set up a net than to envy the fish at the water's edge.
☯ Accumulating wealth of millions is not as good as having a skill.
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