• Zhou Yanling: Short-term rebound of Bitcoin and Ethereum today after the 6.25 plunge, continue to short

In a market like this, where most people are confused at the moment after a big drop, you may wonder whether it's time to look for a rebound or continue to be bearish. Directly participating in bearish prices is too low for the heart to accept, so why not go for a rebound? The large bearish candlestick in front is a bit worrying, which means there is no specific trading strategy, you just need to make a simple choice. Also, after the rebound, can you grasp the opportunity to sell at the high point? This is the key to intraday trading. You need to know that the rebound only supports you to make short-term fluctuations. Even if it's going to hit bottom, the price has to be willing to pull up before we can talk about it.

Because Bitcoin has been in an adjustment posture from the beginning to the end, I said in my last article that the second half of the year is more likely to be bearish than bullish. Look at the daily chart, although the latest one has not closed yet, it is already obvious that it will be longer than the bearish candlesticks of the previous two days, indicating the continuation of bearish sentiment. This means that Bitcoin is not so strong for the time being, and it has not reached the level of trend reversal. After all, the candlestick is still continuing to move down the previous retracement trend line. Even if the trend reversal is completed and broken, there is still pressure at the previous resistance level of 67,000, so either it unreasonably breaks all the way down, or it continues to oscillate and repeatedly lengthen the wave cycle. Regarding the current short-term operation, Yanling is more inclined to the former judgment.

Bitcoin operation strategy on 6.25: Short at 61,000-60,500, stop loss above 61,600, target near 58,800, continue to break down to see around 57,200

Ethereum operation strategy on 6.25: Short at 3,320-3,290, stop loss above 3,360, target near 3,180, continue to break down to see around 3,050

[The above analysis and strategies are for reference only. Please bear the risk on your own. The article review and release may have lagging strategies and lack timeliness. Please refer to Yanling's real-time strategy for specific operations.]

This article is exclusively created and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other coin circle contract/spot operations. If you need to know more about real-time community guidance, consultation on getting out of trouble, learning chart reading skills, etc., you can follow the teacher's public account "Zhou Yanling" to find the teacher.

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