6.21 Boss's Long-Term Strategy || A Zhang Yi's Approach

This week, the boss's overall trading range is from 59,080 to 64,568, with a high of 64,568 and a low of 59,080 during the week. The current price is 63,942. The entire week has been a slight rebound after a sharp decline, with sporadic small candle K-lines showing signs of market warming. In reality, there has been a lack of new capital entering the market throughout, and market funds continue to flow out. The selling pressure on altcoins has reached an extreme five-year level. The brief small-range rebound is just an illusion created by short-term short-covering. Although it looks lively, traders are actually unable to hold the market. The long-term downtrend remains firmly intact and unshaken.

The daily Bollinger Bands are opening downward throughout, with the middle band at 63,721 firmly suppressing the price. The three moving averages of the crocodile indicator are diverging downward simultaneously. The long-term bearish structure is fully visible in front of us. Many retail investors see several days of small rebounds and become overly optimistic, rushing in without noticing the heavy resistance at 64,700, 66,375, and 66,900. These are all trapped high-position chips waiting to be cashed out and exited. As long as the boss cannot break above 65,000 with volume, this week-long weak rebound will end with a sharp decline. Every time the price rises to the resistance zone, it presents an excellent entry point for long-term strategic accumulation. Currently, there is no technical support to reverse the long-term trend.

Long-term, I firmly believe in the downtrend. The rebound range of 64,400 to 64,600 is suitable for long-term accumulation. The first phase targets 62,000-62,500, the second phase aims for a decline to 60,000-60,500, and the ultimate long-term target $BTC is 52,000-55,000.