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Wosh will face its first major test, and the short positions are again profitable! 5.14 Bitcoin Auntie's Strategy
Wosh's first major test will come in June. The interest rate expectations (dot plot) released after the Federal Open Market Committee meeting on June 16-17 will clarify his policy stance to the yellow-haired guy and the global markets. As the Fed chair personally chosen by the yellow-haired guy, he can choose to abstain—this allows him to hide his true position in the early days of his tenure, especially since the yellow-haired guy has made it clear he wants to lower borrowing costs. Whether he will make his intentions clear remains to be seen! Yesterday, the short positions made profits again. If you followed, give a triple support with one click.
Technical analysis: Daily chart, Bitcoin Auntie's three consecutive bearish candles, and this morning still has a long upper shadow. Although Ethereum's decline is currently halted at the 60-day moving average, Bitcoin's decline has broken the upward channel. Plus, indicators remain bearish, so the strategy remains to rebound and short!
5.14 Short Position Strategy
Bitcoin at current price 79,600-80k continue short, add on dips at 81,000-81,500, defend near 82,000, target around 79,000-78,500-78,000, break below targets near 77,500-77,000, continue to move stop-loss as the situation develops!
Ethereum at current price 2,270-2,300 continue short, add on dips at 2,330-2,370, defend near 2,400, target around 2,230-2,200, break below targets near 2,170-2,150, continue to move stop-loss as the situation develops!
5.14 Long Position Strategy
Bitcoin retrace to 76,500-77,000, buy one lot, defend near 76,000, target around 78,000-78,500-79,000, break above targets near 79,500-80k.
Ethereum retrace to 2,130-2,150, buy one lot, defend near 2,100, target around 2,200-2,250-2,280, break above targets near 2,300-2,330-2,350.
Starting to short from last week's high, clearly following a short strategy for several days. The overall trend is very in line with expectations, hitting targets precisely every day. Follow along to keep making profits and adjust positions. Currently, the Middle East situation remains tense; wait for major positive news before planning medium- to long-term positions! #美国4月PPI同比暴涨6%