6.22-6.28 Weekly Summary and Subsequent Band Market Analysis



Overall, the market remained relatively weak this week. After surging to a high of 65597, the price continuously came under pressure and retreated to a low of 58030, resulting in a decline of over 7500 points. We laid out a total of 9 trades this week. Although the number of trades was small, each step was steadily taken, just as the saying goes: "The road ahead is long and winding, I will search high and low!" We captured a total of 8236 points of space!

The overall fluctuation on Monday was not too large, showing an upward trend. After entering the market in the morning, we held the position until the evening when we exited, and there was no good entry opportunity afterward.
First long order: entered at 63924, exited at 65492, capturing 1568 points of space.

On Tuesday, the market reversed. The long order placed in the morning was slightly trapped, but after the price fell to a low near 62000, we added to the position, bringing the average cost down and exiting breakeven.
First long order: entered at 63634, average cost after adding to position was 63275, exited at 63043 with a small loss of 232 points.

On Wednesday, there was a significant single-day pullback. The short order idea given in the morning did not yield much profit. In the evening, two consecutive short orders were given, capturing a total of 2191 points of space.
First short order: entered at 61758, exited at 61110, capturing 648 points of space.
Second short order: entered at 61083, exited at 59540, capturing 1543 points of space.

After the major single-day decline on Thursday, a rebound and repair market followed. Our real-time trading decisively seized this opportunity, capturing a total of 2185 points from two orders.
First long order: entered at 59532, exited at 60842, capturing 1310 points of space.
Second long order: entered at 60782, exited at 61657, capturing 875 points of space.

On Friday, the market showed a wide-range oscillating trend. Throughout the day, we repeatedly reminded everyone to buy low and sell high. Our real-time trading seized three opportunities, capturing a total of 2524 points of space.
First short order: entered at 60042, exited at 58961, capturing 1081 points of space.
Second short order: entered at 59250, exited at 58698, capturing 552 points of space.
Third short order: entered at 60674, exited at 59783, capturing 891 points of space.
Rest on the weekend.

Band Strategy

From the current chart, the weekly level has entered a consolidation phase after a large pullback. With two consecutive bearish candlesticks, the price has touched the lower rail area. Subsequently, a small rebound is likely to occur. Looking at the daily level, the price has tested the 58000 support level multiple times and then rebounded to the current 60000 level, stabilizing. Each rebound has started from the lower rail. Now the price has touched the lower rail again. Next week, the market is likely to experience a rebound and repair. Therefore, our band strategy is mainly to go long at low levels!

BTC: Enter long below 60000, target 63000, can take partial profits near 62500.

ETH: Enter long near 1550, target 1680, can take partial profits near 1660.
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