Geopolitical risks are intensifying, coin prices have smashed through 103000! 6.13 BTC ETH strategy
Israel launched airstrikes on Iran, causing the coin price to drop below 103000 in the morning, and ETH also fell below 2500. From the evening until now, BTC has plummeted by over 5000 points, and ETH has dropped by over 300 points. Last night, I suggested a long position and gradually moved the stop-loss, ultimately making a small profit before exiting. Unfortunately, the short entry point was not good, resulting in missing this pullback!
The daily chart has produced a solid bearish candlestick. The bearish trend continues this morning, with a drop in ETH exceeding 10%. It's been a while since we've encountered such market conditions, so we are looking for a rebound during the day. Due to the intensifying geopolitical risks and issues in California, the focus remains on bearish trends for the day! Key resistance levels to watch are 105000, 106500, and 107500, while support levels to pay attention to are 102000, 101000, and 100000.
6.13 BTC trading strategy: Aggressive traders can enter long at the current price of 102500-103000, while conservative traders can enter at 101500-102000. Set a stop loss around 101000, with a target at around 104000-105000. If it breaks, look for levels around 105500-106000-106500.
6.13 ETH Trading Strategy: Aggressive traders can enter long at the current price of 2450-2470, while conservative traders can enter at 2410-2430. Set a stop loss around 2380, with a target of 2530-2550, and if it breaks, look for 2580-2600.
Short position idea: Short one contract on BTC rebound at 106500-107000, for conservative traders enter at 107500-108000, with a stop loss at 108500. Target around 105000-104000-103000, if broken watch for 102500-102000 area, continue to hold if it breaks further based on the situation!
Short one hand at 2550-2580 for ETH rebound, for conservative traders wait to enter at 2630-2650, with a stop loss at 2700, targeting around 2500-2470-2450, if broken look at around 2430-2400.
There must be a reason for the big drop. The riots in California continue to escalate, and it is reported that Trump's parade tomorrow will also create some issues. So everyone, please do not blindly chase the rise. Conan is expected to crash again, so be cautious when chasing the rise!
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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ConanTrendIsKing
· 06-13 01:47
Bullish traders enter a position, a big dump will surely have a rebound, watch for a rebound first during the day, and then lie in ambush for shorting at a high position!
Geopolitical risks are intensifying, coin prices have smashed through 103000! 6.13 BTC ETH strategy
Israel launched airstrikes on Iran, causing the coin price to drop below 103000 in the morning, and ETH also fell below 2500. From the evening until now, BTC has plummeted by over 5000 points, and ETH has dropped by over 300 points. Last night, I suggested a long position and gradually moved the stop-loss, ultimately making a small profit before exiting. Unfortunately, the short entry point was not good, resulting in missing this pullback!
The daily chart has produced a solid bearish candlestick. The bearish trend continues this morning, with a drop in ETH exceeding 10%. It's been a while since we've encountered such market conditions, so we are looking for a rebound during the day. Due to the intensifying geopolitical risks and issues in California, the focus remains on bearish trends for the day! Key resistance levels to watch are 105000, 106500, and 107500, while support levels to pay attention to are 102000, 101000, and 100000.
6.13 BTC trading strategy: Aggressive traders can enter long at the current price of 102500-103000, while conservative traders can enter at 101500-102000. Set a stop loss around 101000, with a target at around 104000-105000. If it breaks, look for levels around 105500-106000-106500.
6.13 ETH Trading Strategy: Aggressive traders can enter long at the current price of 2450-2470, while conservative traders can enter at 2410-2430. Set a stop loss around 2380, with a target of 2530-2550, and if it breaks, look for 2580-2600.
Short position idea: Short one contract on BTC rebound at 106500-107000, for conservative traders enter at 107500-108000, with a stop loss at 108500. Target around 105000-104000-103000, if broken watch for 102500-102000 area, continue to hold if it breaks further based on the situation!
Short one hand at 2550-2580 for ETH rebound, for conservative traders wait to enter at 2630-2650, with a stop loss at 2700, targeting around 2500-2470-2450, if broken look at around 2430-2400.
There must be a reason for the big drop. The riots in California continue to escalate, and it is reported that Trump's parade tomorrow will also create some issues. So everyone, please do not blindly chase the rise. Conan is expected to crash again, so be cautious when chasing the rise!