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Yesterday’s longs hit the target with precision. If you didn’t get on, just pull back and keep waiting to set up! 6.20 BTC & ETH outlook
The pullback-continuation idea I shared yesterday hit precisely. Right now, BTC also has a move of 700–1200 points, and ETH has 30–60 points. If you’re already in, you can move the stop-loss to lock in profits; if you’re not in yet, wait for the pullback and keep waiting to set up!
After the US and Iran signed a memorandum of understanding, due to Israel repeatedly violating the ceasefire agreement, the scheduled itinerary for the two sides to sign the memorandum in Switzerland on Friday was also delayed. But the US later publicly said Israel had notified the ceasefire; still, on Friday and Saturday, they attacked Lebanon. Today, an Iranian delegation said that if Israel continues this behavior, they will bring it to the negotiation table. However, a senior US delegation has already arrived in Switzerland, so it’s expected that they will later rein in Israel—so just keep waiting for the pullback to set up, and the chart is clearly showing it can’t drop any further!
6.12 Long Position Plan:
BTC: Go long at 62500–63000. Defend around 61000. Targets: 64000–65000–66000. If it breaks through, look at 67000–68000–69000. Continue to move the stop-loss and take profits based on the situation!
ETH: Go long at the current price of 1660–1700. Defend around 1600. Targets: 1750–1800–1850. If it breaks through, look at 1900–1950–2000. Continue to move the stop-loss and take profits based on the situation!
6.19 Short Position Plan:
BTC: If it rebounds to 66500–67000, try a short. Defend at 67500. Targets: 65500–65000–64000. If it breaks through, move the stop-loss to protect profits depending on the situation!
ETH: If it rebounds to 1830–1850, short. Defend at 1880. Targets: 1780–1750–1730. If it breaks through, move the stop-loss to protect profits depending on the situation!
We can only say this: if the US and Iran negotiations are successful, it’s impossible it will only move up by this little amount—just be patient and wait. The breakout for the longs is about to begin!