Tong Ge 6.12 BTC Strategy

$BTC Rebound to around 637-642 to enter the position, stop above 647, first target 620, second target 610

Yesterday I was grinding all day, seeing it want to go down, but then a piece of news triggered a rally, pushing it back to 63915. A group of people immediately started shouting that the bull is back, but before the heat even dissipates, the price has returned to the original level.

The most interesting part of the market right now is this. Every time news comes out, it can trigger a wave of sentiment, but what truly can change the trend is never just a sentence, but whether funds are willing to keep pushing upward.

It's not hard to push it up; the hard part is holding.

Recent rebounds have looked quite lively, but as soon as they reach key levels, they start to turn around. This indicates that the market isn't lacking viewers, but lacking those willing to buy at high levels.

So don’t treat news as a trend, and don’t mistake rebounds for reversals. Until the chart shows something new, I still prefer to respect the original direction. #美国5月CPI创三年新高