June 10th BTC/ETH Market Morning Report -- Be cautious when bottom fishing, the bottom still needs a deeper dip



I clearly remember last year when Bitcoin was hovering around 120k yuan, everyone was cheering to reach 150k, 200k, 250k, only I believed the top was imminent, advising everyone to sell in time and consider shorting. Later, I also provided an in-depth analysis based on Bitcoin’s four-year halving cycle, clearly indicating that the Bitcoin top would be around October 2025, and the bottom would appear between June and November 2026, most likely in September to November. Now we just wait for time to verify. Those who say I’m stubborn and rigid don’t understand—go learn more, review the past, and if you believe, gradually position yourself in spot holdings to hold until the second half of 2029. If you don’t believe, just ignore what I said! Those who listen carefully will thank me three years from now!

Why do I say the most likely months for this bottom are September to November? The market is not currently considering whether to cut interest rates or keep rates steady, but is very likely leaning towards rate hikes. So before the rate hike is implemented, there’s probably another round of sharp decline. Therefore, I advise everyone to control their urge to bottom fish! For spot trading, consider buying in stages at 5.3, 4.5 levels, and for Ethereum, consider positions around 1120 to 800!

On Monday, continue holding short positions near 64,300 and 1,717, as well as near 1,700 on Tuesday. Keep the intraday strategy of high short positions, but be aware it might be more aggressive, so ensure proper risk management!

Currently, Bitcoin faces resistance around 62,150 to 62,500 to 63,000 to 64,000, with support levels at 59,300, 53,000, and 45,000. Ethereum faces resistance around 1,660 to 1,700 to 1,750, with support at 1,585, 1,444, and 1,122.

The above only reflects Jiang Feng’s personal views. Please consider carefully on your own. #Gate直通IPO认购SpaceX #Strategy低位加仓1550枚BTC #美股AI概念股普涨 #Strategy低位加仓1550枚BTC #非农数据超预期加息预期升温
HYPE-9.99%
SOL-3.77%
ETH-2.75%
GT-1.86%
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