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6.25 Thursday Evening BTCÐ Market Analysis
In the early morning, we signaled a bottom-fishing near 59300, and by afternoon all long positions were closed with profit, BTC gained 2300 points, and all students successfully secured their gains. The core of long-term profitability in the crypto space is choosing the right guide, far more important than frequent blind trading.
Market Analysis: The bearish trend has been established. After the spike, bullish momentum has dried up, highs are continuously lower, and the major trend has officially entered a downward channel. The minor rebound after the short-term breakdown has stalled, and prices are about to test lower levels again. Tonight's PCE price index is a key variable; stronger data will boost rate hike expectations, and the market will usher in a new round of decline. This evening, stick to short-selling on rallies.
Trading Plan
Bitcoin: Short at 62000 on bounce, target 60500
Ethereum: Short at 1650 on bounce, target 1580 #Bitcoin #BTC