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June 5th
Since dropping from 74,000 to 61,000, a weak oscillating trend has begun, and this kind of market is quite difficult to trade.
Long positions rebound weakly, short positions drop and immediately bounce back.
The oscillation range is only between 62,000 and 64,000, a 2,000-dollar range, and even most of the time it's just bouncing up and down within 1,500 dollars, too narrow to play effectively.
Today, the Korean stock market plummeted with a circuit breaker, the Japanese stock market also fell sharply, and the US stock market declined as well. It’s very clear that global stock markets are starting to crash.
The only thing worth looking forward to is Elon Musk’s SpaceX stock listing on Nasdaq next week, but this listing will probably rise a bit and then crash, dragging down the US stock market.
Still watching Bitcoin rebound, then fall again, because the market is oversold in the short term, all bearish candles with no bullish candles, just rebounds and drops.
Resistance levels remain in the 65,000-66,000 range.
Focus on shorting during rebounds; trying to go long is almost as difficult as eating shit.
Returning to the main theme during the World Cup from June to July:
"Only short, no long" and "Rebound to 65,000 then short."