Embrace crypto, go with the trend. Hello everyone, I am Thirteen Ether.

In the previous post, on May 28th, I gave a short position around 2040-50, targeting 1960. By the evening of May 30th, the market successfully reached the entry level. On the evening of June 1st, the price fell to a low of 1955, securing 80 points. Bitcoin’s entry level was 74500. Although the entry level wasn’t hit, the target level of 73000 was still reached, which shows that the bearish idea was correct—also a little gift for everyone on Children’s Day!

Now let’s look at today’s analysis. Recently, Ethereum has repeatedly broken through key support levels. Starting from the previous high at 2464, it began to pull back. Currently, the price has moved to the area near the lower band of the daily chart. The Bollinger Bands channel is gradually opening downward. The short-term resistance above is in the 2010 to 2030 range, while the key support area below is 1920 to 1900. From a larger-cycle perspective, the MACD double lines are continuing to stay below the zero line. Although the green histogram bars are shrinking slightly, there is no sign of a turn showing bullish strength. And the KDJ is still in weak recovery mode, so the bearish format for the larger cycle has not changed!

It is recommended to enter a short position near the current price around 2000-2030. The target is around 1920-1900. If it breaks down, watch for around 1870.

Bitcoin is also moving in line with US stocks’ choppy and relatively weak price action. After repeatedly breaking through multiple layers of key support, it is currently hovering around 70600. On the daily chart, the Bollinger Bands are opening downward, the KDJ three lines are entering the oversold area, and the MACD bearish momentum is gradually narrowing. However, the rebound height is limited, and the market will most likely continue to drift lower, with consolidation and repair.

It is recommended to enter a short position near the current price around 71000-71500. The target is around 70000-69500. If it breaks down, watch for around 69000.

Market conditions change in an instant; this strategy is for reference only. Set your stop-loss and take-profit #微策略出售32枚比特币