June 29

Summary of this week and outlook for next week
 
Btc
Weekly Level
I suggest that you should never get caught up in something that has no meaning.
What is a meaningless thing in my view?
The understanding of whether the weekly peak structure is still effective. I don't think it's necessary to discuss.
It's very simple, the peak at the weekly level is still there. It hasn't broken. It's still something I need to reference; it hasn't broken, and I need to reference it. When it really breaks, I will choose to analyze it again.
 
We still recommend making the last short position trade in the range of 109000---110000.
We have been saying this for at least three trading days.
If the price really reaches that position, I may not give a hint, I assume you all have done it.
 
In summary, the weekly peak still exists. Until we break above the peak, we continue to believe in its influence. Refer to the established plan to short in the range of 109000---110000, with a stop loss above 112000, which means Bitcoin reaches a historical high. I think it doesn't matter if we take profit at the short-term levels of 108000 or 107000. If you want to hold longer, the reference target below may need to be around 100000.
Conservative friends, get close to 110,000, the closer the better. For the more aggressive ones, start entering short positions at 109,000 and then perform reasonable scaling operations within this range.
Daily level
We have drawn the downward oscillation channel, and the upper boundary of this channel has not yet been touched. There is also a gap, and we believe that this position is highly likely to be touched, which has been the issue we've been discussing in recent days.
All three values are biased towards the long side.
So you should not consider whether 109000 can be reached right now. We believe it is more important to consider whether to short at 109000 or 110000.
 
Four-hour level
A double top has appeared.
The four-hour is now facing a choice.
The same position with the same shape makes it reasonable to be bullish or bearish.
But he can't go both long and short. So you must give me an answer.
 
The short cycle gives us an idea.
Entering short position at 108160.
Take profit 107700 107500 that's all the space
Stop loss above 108600
 
The awkward situation of Bitcoin in the four-hour timeframe can only be answered at the hourly level.
Currently, the hourly level is making a peak. If it peaks, mainly watch the four-hour chart for a duck's mouth; otherwise, honestly enter short positions at 109000----110000.