Preface: Investment involves risks, please proceed with caution.
Article review takes time, and there may be delays in publishing. The article is for reference only, and your readership is welcome!
Time of writing: 15:28, June 13th, Beijing time
Market Information
Macau's Financial Secretary: Exploring the opening of certain virtual asset activities under controllable risks;
Breaking News: Grayscale states that the Fed's interest rate cut will weaken the US dollar and support Bitcoin;
After Trump promised to support American miners, Bitcoin mining stocks rose by 10%;
Fed Chairman: More confidence in inflation is needed to ease policies, and no specific interest rate cut path has been promised;
Fed Chairman Powell: Inflation has eased significantly, but still remains high;
The Fed maintains policy stability, but only expects one interest rate cut this year;
The Fed keeps the benchmark interest rate unchanged, as expected;
Market Review
Last night's CPI data, coupled with the Fed's interest rate decision, also led to a rebound in Bitcoin, followed by a decline, but no breakthrough occurred. The interest rate cut is continuously being postponed, as the decision is based on the actual economic situation of the country. As of now, the possibility of interest rate cuts this year is only 1-2 times. We only need to pay more attention to the Fed's interest rate decision, which does not have a significant impact on the market unless there is a substantial interest rate cut.
Our attempt to bottom fish in the short term failed, and we mostly exited with small losses. Both Bitcoin and Ethereum fell below the low points we mentioned earlier. The lowest point for Bitcoin was at 65,910, and for Ethereum, it was at 3,426. After breaking through these points, they continued to decline. Later, due to the impact of the news, a small rebound occurred last night, followed by another decline. In the short term, after breaking through the low points, both Bitcoin and Ethereum are showing strong bearish trends. In future trading, we should focus on short selling.
Market Analysis
BTC:
Looking at the 4-hour chart, the previous decline in Bitcoin broke through the upper high oscillation range. Although it rebounded due to the impact of the news, the rebound only reached the previous resistance level before starting to decline. Last night's market was mainly influenced by the news, but after the dust settles, the market will ultimately return to the technical aspects. Currently, the rebound of Bitcoin on the daily and weekly charts has not broken through the previous high and returned below the resistance level. On the 4-hour chart, it also broke through the oscillation range. After breaking the support near 67,100, the decline began. In future trading, it is recommended to focus on short selling. This wave of decline in Bitcoin may only stop near 60,000, where we can bottom fish. For short-term trading, wait for a rebound in the day session before short selling. The recommended entry point is 68,400, with a target around 66,100. If it falls below the previous 65,910, look at 64,300. Manage your risk in short-term trading, and take care of your profits and losses.
ETH:
Looking at the 4-hour chart, Ethereum's overall trend is slightly weaker. It broke through the short-term low point of 3,498 and the upper oscillation range. The rebound last night only reached the bottom of the oscillation range and did not continue to rise. The bullish momentum is very weak. Apart from the rapid rise, the previous trend of Ethereum is relatively weak. Now that it has broken through the support, it will continue to decline. Ethereum is expected to approach 3,000. It is also recommended to focus on short selling in trading. For day trading, the recommended entry point is around 3,600, with a target around 3,380. Manage your risk in short-term trading, and take care of your profits and losses.
In summary:
Currently, Bitcoin and Ethereum are showing a stronger bearish trend in the short term, so it is recommended to focus on short selling in trading.
The article is time-sensitive, so be cautious of risks. The above is only personal advice and is for reference only!
Follow the public account "加密老赵" to explore the market together.
The most attractive place in a city is where the people you want to see are. The most attractive part of a market is where you can make money.
A person's sense of boundaries is knowing what can be done, what cannot be done, knowing what you don't know, and knowing what you know. This is the boundary. Not knowing what you know, not knowing what you don't know, the sense of boundaries is blurred, which will lead to overestimation or underestimation of oneself, and there is no accurate self-assessment. With boundaries, try to do things that you can understand at a glance, and can be easily resolved, just like trading. If you can't understand it at a glance, it doesn't fit the trading system. The longer you study, the more blurred it becomes.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
