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The "懂王" and Netanyahu are polarized, making it difficult for the price to continue rebounding; cautiously chase the rally! Thoughts on the June 9th Bitcoin
"懂王" has been trying to avoid a full-scale restart of the war in the past 24 hours. He is caught in a dilemma: on one hand, he understands that Netanyahu is almost impossible to ignore Iran's missile attacks; on the other hand, he worries that this cycle of retaliation could escalate into a full-scale war. "懂王" advises Netanyahu not to retaliate, but no clear decision has been made. Netanyahu believes that although "懂王" opposes retaliatory strikes, "this is not a clear statement of 'don't do it'." The strategic interests of the US and Israel, as well as the political interests of "懂王" and Netanyahu, are increasingly diverging. "Netanyahu needs the war to continue to maintain his political life in Israel; while '懂王' needs the war to end to sustain his political life in the US." How things will develop next remains to be seen.
Technical outlook: Bitcoin "姨太" opened this morning with a doji star; the bulls lack strong momentum to push higher, and the Bollinger Bands are severely converging. Although the KDJ shows a golden cross at low levels, there is no effective divergence. The moving averages are also in a bearish alignment, so intraday we are temporarily not overly bullish. Yesterday's short entries at specific levels worked well, capturing two waves; the levels were just right, yielding good profits. You can follow along and move your stop-loss to lock in gains!
June 9th Short Entry Strategy:
Short at 63,500-64,000 on the rebound, with a stop around 65,000. Target near 62,500-62,000. If broken, look at 61,500-61,000-60,500-60k levels, and continue to move stop-loss accordingly based on the situation!
Ethereum rebound: short at 1700-1730, with a stop around 1760. Target near 1650-1600. If broken, look at 1570-1550-1530 levels, and continue to move stop-loss accordingly!
June 9th Long Entry Strategy:
Bitcoin retracement: go long at 59,500-60,000, with a stop around 58,500. Target near 61,000-61,500-62,000. If broken, look at 62,500-63,000 levels, and continue to move stop-loss accordingly!
Ethereum retracement: go long at 1500-1530, with a stop around 1460. Target near 1580-1600. If broken, look at 1630-1650 levels, and continue to move stop-loss accordingly!
In recent months, the market has been heavily influenced by US-Iran tensions. Although the situation has temporarily paused, there are no signs of a negotiated end. So, for now, we are not overly bullish. Near recent highs, short at one level and wait for a pullback. Once a deal is reached, consider medium- to long-term long positions! #成长值抽奖赢金条