First short then long for a win-win situation, pay attention to moving stop loss! 6.11 BTC ETH strategy

BTC has been consolidating for a day, and due to the lack of significant drop, ETH's liquidity has increased, allowing ETH to surge again and reach a new recent high. The long position given in the evening perfectly hit the target, and BTC also has more than a thousand points of space. Congratulations to those who followed!

From a technical perspective, after four consecutive bullish candles on the daily chart, this morning we saw a doji candle with a longer lower shadow. The Bollinger Bands are slightly contracting, the KDJ lines have formed a golden cross upwards, the J line is slightly slowing down at a high position, and the MACD lines are also forming a golden cross at a low position. The trading volume is slightly increasing, but BTC is only consolidating at a high level. Therefore, we should first pay attention to the gains and losses of the previous high points during the day. If the price breaks above, it will open up upside potential; if it doesn't break, there is a high probability of a pullback! The upper pressure levels to watch are 111000 and 112000, while the lower support levels to watch are 108200, 107500, 106500, 105000, 104000, and 103000.

6.11 BTC trading strategy: Aggressive traders buy on pullbacks at 108200-108500, conservative traders enter at 17500-107800, with a stop loss at 107000. The target is set around 109500-110000-110500, and if broken, look for 111000-111500-112000.

Short position idea: Aggressive traders enter at 111000-111500, with a stop loss near 112000. The target looks at 109000-108200-107500, and if it breaks down, look at 107000-106500. Continue to move the stop loss according to the situation!

6.11 ETH trading strategy: First, short one hand in the range of 2810-2830 during the day, with a stop loss at 2850, aiming for targets around 2780-2750-2720-2700. If it breaks, look at 2680-2650. Continue to adjust the stop loss based on the situation!

Long position idea: Aggressive traders can enter one position on a pullback between 2700-2720, while conservative traders can enter at 2650-2680. Set a stop loss near 2620, with targets around 2750-2780-2800, and if broken, look for levels around 2830-2850.

The first meeting of the China-US economic and trade consultation mechanism has made significant progress, and the achievements are conducive to further building trust between China and the US. This is temporarily positive, coupled with the good performance of US stocks, which closed high with a slight increase. Therefore, it is advisable not to blindly sell off for the time being and to manage stop loss to control risks, while closely monitoring the flow of funds!