Gu Jingci: 6.29 Bitcoin/Ethereum correction remains bullish

Wait a bit, it's going to drop, it did drop, it's going to crash! These are the most heard words in the past few days. We were also bearish earlier. After the rapid decline in the past few days, we have laid out multiple long orders on pullbacks. Although the entry positions were not ideal, the overall trend is viewed as bottoming out and rebounding. However, in the past few days, every time the price surged and then pulled back, many people started shouting "crash, it's going to crash, it did crash," but in reality, the market didn't move much—just narrow-range fluctuations. Moreover, the space gained from multiple bottom-fishing long entries has actually been quite significant. We laid out our long strategy again yesterday, and Bitcoin and Ethereum even gave us opportunities to add positions. Currently, the average price is around 59500 and 1560 respectively.

Many times, many people are very greedy. When Ethereum was at 3000, they thought about catching the bottom at 2000 for spot. When Ethereum was at 2000, they thought about going all-in on spot at 1500 or 1600. But when the market actually reaches that point, it's "wait a bit, let's see." This is the same strategy—many people can profit, or even make big profits after adding positions, while others always suffer stop losses and losses as the main reason. Many times, profit and loss really come down to a single thought. Going long on dips is fine; just take the swings and hold the space.

Trading suggestion: Continue to go long on Bitcoin around 59000 to 59300, target around 61000 to 62000; continue to go long on Ethereum around 1550 to 1565, target around 1620 to 1650.

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