Zhou Yanling: Perfectly took down the short position on Friday, June 29th, and the latest analysis and strategies for the weekend are here.
Data is just the catalyst for market fluctuations. If you really trade based on bullish or bearish factors, you will probably be washed out, because everyone has seen the results of recent data fluctuations, and it's not so singular. Also, what's important is not the price level, but your professional judgment and courage. If we are to talk about price levels, I believe that anyone who read Yanling's article yesterday will definitely have more or less a short position at 62000, after all, the two pressure levels of 62500 have been mentioned for a week. Some impatient people even entered at 61700. From yesterday's market, it seems that these two positions are indeed good, after all, they avoided a large amount of previous gains, and after entering the market, they also grasped the pressure levels. Now, we have basically all obtained the desired decline space, which can be considered as a perfect ending for this week.
But now, some people must be starting to feel conflicted because the price has come down again. Should they close the short position and go long? Well, Yanling thinks it's worth considering. The retracement of this market wave is almost over, and there will definitely be a short-term upward trend. From the chart, indeed, after the oscillation, it is starting to approach the downside again, and there is always a probability of completing a V-shaped reversal and going up. I can understand this operation. I personally think that the next V-shaped high will definitely be near 61800, which can be considered as a reference position for you to go short again after the rebound. However, for now, let's just focus on seizing this low-level rebound before discussing these future shorting matters.
Bitcoin operation strategy on June 29th:
Long at 59600-60000, stop loss below 59200, target 60700-61200.
Short at 61400-61000, stop loss above 61800, target 60400-60000.
Ethereum operation strategy on June 29th:
Long at 3350-3380, stop loss below 3310, target near 3430, continue to look at around 3480.
Short at 3470-3440, stop loss above 3500, target 3390-3360.
[The above analysis and strategies are for reference only. Please bear the risks on your own. The article review and release may have lagging strategies and do not have timeliness. Specific operations are subject to Yanling's real-time strategies.]
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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