Today is June 24th. These past couple of days, the market movement has been exactly as I imagined. Early in the morning, after sweeping the square, those bloggers who keep shouting "bulls back, bottom fishing" finally shut up.


Bitcoin previously resisted multiple times at 1680, but ultimately couldn't hold! In my system, once support is broken, it immediately shifts into a new heavy pressure zone. The dead cat bounce that many people were expecting can now be put on hold for a while. Currently, the daily chart shows the bears firmly in control, and there are no signs of a reversal.
Next, everyone is fixated on the fight around the 1650 level. If 1650 is broken through with a strong sell-off, there's nothing to say—look directly for the 1600 integer level! Many retail traders like to blindly guess the bottom during declines. Before the trend fully changes, any rebound is just a fake move created by the big players to trap you. The market always rewards those who follow the trend and short, not those who keep blindly trying to catch the bottom! At this stage, I will only focus on the resistance levels above for positioning, and I will not be blindly optimistic.
Now, let's look at the early trading situation of Bitcoin $BTC . Yesterday, it touched 61870 and rebounded to around the current price of 62800. Don’t be fooled by the nearly thousand-point rise; the volume of this rebound has been shrinking. It’s purely the bears taking profits after being full, closing out short positions, and bringing up the price. No new capital is entering from outside to support it! Bitcoin is a typical weak defensive battle.
My current trading strategy is very simple (mainly shorting from the top, not playing tricks with the big players):

Bitcoin $BTC: Resistance is around 63300-63500 (this is a dense zone of trapped sellers). The plan is to short in batches as it rebounds to 63200-63500, with a tight stop-loss above 64500. The first target is 61800, and if it breaks below, go straight for the ultimate goal of 60000.
Bitcoin $ETH : The 1680 level has become the first critical barrier, and above that, 1720 is also a strong selling pressure. My strategy is to watch for a rebound around 1680 and attempt light short positions if it faces resistance, with a stop-loss above 1733. The target is directly at 1630-1600, possibly even down to 1510 in the second half of the year.

When the opportunity isn’t there, brothers, watch more and act less. My system only trades certainty; I don’t gamble beyond what the system indicates. Strictly set stop-losses, follow the signals, and we’ll meet at 1600! #0成本拿2股SK海力士
BTC0.63%
ETH0.44%
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ETH
ETHETH
MC:$2.44KHolders:1
0.00%
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0xNap
ETH
0
· 06-24 06:51
1680 breaking down is indeed ugly, but 1650 is really hard to call, and the bears don't have unlimited bullets either.
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StainedGlassSun
ETH
0
· 06-24 06:27
You say it’s about “copy trading,” but it’s still about copy trading. With #0 cost, you can get 2 shares of SK Hynix. This tag looks pretty awkward—did the event really force-match the market trend?
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Don'tCallMeABagHolder.
ETH
0
· 06-24 06:16
The observation about shrinking volume is spot on, but the move from 61,800 to 60,000 is a bit of a stretch—watch as it plays out.
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