6.9 Afternoon Thought Sharing

$BTC The long-side trading idea disclosed in the morning has already played out as expected, and our corresponding layout has been arranged simultaneously. The bullish idea shared in the morning has been fulfilled as scheduled, and the synchronized layout has been successfully implemented. Bitcoin retraced to the preset entry point of 62,450 and moved along with the trend to go long, precisely capturing the starting point of this round of rally. Preemptively anticipating the risk of a sharp rise followed by a shakeout and pullback, an early exit at 63,350 was announced at noon, securing a 900-point profit. Entry and take-profit points were all planned in advance, allowing for precise market timing, avoiding blind holding to chase high points, and adhering to a steady trading approach of taking profits and minimizing risks.

From the 4-hour chart, the Bollinger Bands are generally opening upward, with the channel continuously rising. The lower band is steadily moving up, the middle band forms a strong support, and the upper band acts as a short-term resistance level. Overall, it indicates a mid-term bullish sideways trend, with the downside being firmly locked by the lower Bollinger Band, favoring the bulls. After hitting resistance at 64,250 and entering the range for digestion, there was no continuous large downward sell-off, indicating limited selling pressure above and no large-scale capital fleeing. The oscillation is a process of cleansing short-term traders’ positions, preparing for a secondary surge. On the 1-hour chart, the early morning retracement to the lower band at 62,381 was quickly recovered, completing the support test. Subsequently, alternating bullish and bearish candles moved sideways, with the price continuously staying above the middle Bollinger Band on the 1-hour chart, supporting a stable short-term bullish position. Each decline in the bearish candles was met with quick buying, and bears currently lack the ability to dominate the market. Maintain the low-long strategy and avoid chasing highs for now.

Tuesday afternoon Bitcoin trading suggestion: buy near 62,500-63,000, target up to 64,500; Ethereum trading suggestion: buy near 1,680-1,660, target up to 1,730.