Latest Market Trends (6.22)

BTC

1️⃣ Weekend saw a low-volume rebound, ultimately falling back down; yesterday, after a narrow fluctuation around 64,000, a bearish line tested 63,000.

2️⃣ 64,500 is a key resistance; currently, shorting here offers only about a thousand points of space, making it less cost-effective; more期待price突破the dense chip area to the middle of the channel before shorting again.

3️⃣ The support at the lower channel boundary of 63,000 is weak; the upward space for longs is limited; if it breaks below the lower boundary, wait for a rebound at the support level and then short accordingly.

4️⃣ The current rebound trend has ended; oscillations below the middle of the channel indicate a weak market; both short-term and long-term profits are limited; only when it reaches the upper boundary for shorting does the risk-reward ratio improve.

5️⃣ This rebound was volume-supported; after short-term digestion of the bearish chips above, the trend remains downward.

Cross-coin Arbitrage (BTCÐ)

ETH/BTC exchange rate faces strong resistance at 0.0276; when the rate hits 0.0275, short BTC and long ETH in the same position to profit from the downward spread.

SOL

1️⃣ Yesterday’s low was 72; rebound closed with a long upper shadow, forming a double top / M-top bearish structure.

2️⃣ Shorting zone is 74-75; initiate the first short order; add a second short at 76.

3️⃣ Set stop-loss at the previous high before this rebound’s spike, expecting continued downward movement.