6.11 A Million Clocks Lunchtime Market Insights

This round of market has seen a rebound and upward movement, with a long position arranged at 61,775 in Bitcoin during the morning. The market rose to around 62,850 to take profit, resulting in a profit of 1,100 points from this trade. All related trading ideas were shared in advance, based on trend predictions of the market, adhering to objective analysis principles. Partners following these ideas should have also gained corresponding profits. Market trading must avoid blind entry; rational planning is key to steady progress.

Analyzing the current market, Bitcoin's 4-hour cycle shows alternating battles between bulls and bears, with significant resistance at previous high points, where trading volume is concentrated. Without continuous support from new funds, the probability of a market pullback increases. On the hourly chart, after a price surge, it hit the upper Bollinger Band and faced resistance, indicating that the short-term market is likely to remain in a wide-range oscillation, making a breakout trend difficult to form temporarily. Overall, current operations should focus on shorting at high points.

Trading references:
Bitcoin: When the price reaches 63,000-63,500, consider short positions, with targets around 61,000;
Ethereum: When the price reaches 1,660-1,680, consider short positions, #我的Gate交易时刻 with targets around 1,600.