Gu Jingci: 6.13 Bitcoin/Ethereum Trading Strategy and Market Analysis

Bitcoin/Ethereum has been fluctuating within a narrow range these days, with the volatility gradually decreasing. The bulls and bears are showing poor continuity, with resistance above and support below. The idea of shorting on rallies that we discussed yesterday saw the price only rise briefly before falling back to around 63,300 and 1,650, with limited space. However, since the bottomed-out rebound, the lows have been steadily rising. Although the volatility is narrowing within a tight range, the market is showing signs of stabilization. This sideways consolidation after the bottoming out also favors a trend breakout. Going forward, pay attention to key support levels at 62,000 and 1,600 below, and recent highs at around 64,500 and 1,720 above. A breakout would open the next trading range.

Trading suggestion: Buy near 62,800 to 63,300 for Bitcoin, targeting around 64,500; buy near 1,650 to 1,660 for Ethereum, targeting around 1,710.

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