Reviewing Wednesday, June 24

On Wednesday, the market continued its major bearish trend. During the day, we first relied on lower support levels to bet on short-term long positions for a rebound. After the rebound faced resistance, we fully switched to short-side strategies at highs, flexibly alternating between long and short positions, fully capturing the intraday downward volatility.

In the early session, Bitcoin took two short longs at the support levels of 62024 and 62103, capturing 1041 points and 796 points of rebound space respectively. The short-term long positions were successfully cashed out in profit. After the rebound hit the strong resistance zone of 62800-63000, we opened multiple short positions in batches. The long-term shorts at 62992, 62804, 61438, and 65821 all achieved significant downside movement, breaking through the 60k mark smoothly in the early morning, realizing thousands of points of short-side profits. Gold dropped over 170 points intraday, breaking through the 4000 mark in one go! The previously placed long-term short at 4364 went all the way down to 3972, capturing 392 points of massive long-short space.

The short-term long positions on Bitcoin totaled 1837 points in gains, and various short positions accumulated 13783 points of downside space. The long-term short on Gold realized over 400 points of massive space.

A total of 8 trades were placed throughout the day, with a clear grasp of the long/short rhythm. Total profit for the day was 169,714 oil!

The current bearish trend is clear. Short-term rebounds are merely rest stops during the decline. Do not let brief bounces disrupt the rhythm; sticking to the strategy of shorting at highs is the way to continuously capture swings. $BTC $ETH