Contract trading is nothing more than two directions, and the first consideration for long and short entry decisions is the overall direction. Following the major trend and taking a reverse position will never be wrong! There are several points to the trading mechanism: do not operate frequently; do not hold positions in two different currencies in the same direction at the same time; the initial position should not exceed 5%, with 1-2 times of replenishment opportunities reserved; replenishment should not be too close, and replenishing at support and resistance levels will never be wrong. Stop loss is a must after the second break; learn to wait for opportunities, only those who are patient can find the most suitable entry points, it's better to miss than to make mistakes; after exiting, learn to review, identify the problems and strengths of the trades; make good use of distributed positions, reduce positions, replenish and take profit; review technical indicators on the market more, and look for signals of rebound and retracement; continue to improve, maintain good trading habits, guard against arrogance and impetuosity, and only then can one continue to profit in the industry in the long term! Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position-building techniques, and a calm spirit to assist every coin trader in successfully gaining valuable wealth, and continuously realize their own value in the coin circle! Wishing everyone to achieve financial freedom in 2024! Keep it up!

Yesterday, I shorted Ethereum at the 3460 position and took profit at the low point after entering the oscillation in the early morning, perfectly gaining nearly 80 points. This can be verified on my Moments. I didn't make any trades throughout the day, I always choose to wait and see in this kind of market that doesn't break out of the range!

Bitcoin market analysis and trading suggestions for June 30th:

The 1-hour Bollinger Bands are narrowing, and the current upper pressure on the coin price has reached the EMA60 and EMA80 range. The MACD volume continues to form a downward trend close to the 0 axis, and the DIF is also narrowing at the 0 axis position, which is very similar to the pattern on the 23rd, everyone should pay attention to this;

The 4-hour chart Bollinger Bands are also narrowing, and the coin price has been consistently below the midline, with upper pressure reaching the EMA30. The moving average order is still in a normal downward trend and has not changed significantly. The KDJ three lines are diverging upwards, but the momentum is not very strong. The MACD volume at the 0 axis is in a balanced state, and the distance between DIF and DEA after the golden cross at the low point has not been effectively widened; the bullish sentiment is still weak;

The daily chart Bollinger Bands continue to move down, and the coin price is currently challenging the EMA150, but the upper EMA15 is still moving down close to the EMA120, and the EMA30 is moving down through the EMA80 and continuing to move down. The DIF and DEA continue to move down in negative territory without any obvious turning or narrowing phenomenon; the short-term bearish trend still exists;

In summary, the Bitcoin market will once again form a break and retracement in the short term. It is still advisable to maintain a high short position. Today is also the closing of the weekly and monthly charts, so everyone should be cautious; it is recommended to pay attention to the shorting opportunities at the daily EMA10 and EMA120 positions, and continue to focus on the bottom of the box without breaking for a light long position;

It is recommended to maintain a 3% short position in the 62000-62300 range, reserve a 6% replenishment in the 62800-63150 range, stop loss at 63350, and take profit at 61600-61100-60400; if it breaks the 60300-60000 range, it can be held until the 58700-58500 range;

For long positions, consider entering lightly in the 60300-60000 range without breaking;

There is a delay in article review, and the market is ever-changing, so please set your stop loss and take profit, and take profits when you see them! For more real-time trades, you can follow my public account to obtain them, and you can also learn about market technical analysis and how to get out of a predicament online!

I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to trade, you are welcome to comment and leave a message!

You can follow the author by scanning the QR code below!

This article is exclusively published by (WeChat public account: Zhang Lihui) and does not represent any official position. The publication and review of the article have a time delay, and the above points are for reference only, at your own risk! May we always carry humility and courage in this complex and complicated coin circle, fear no challenges, and dare to explore. Just as the road ahead is long, "the road ahead is long and far-reaching, I will seek and explore." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain of wisdom. Travel thousands of miles, experience storms, witness the scenery, and understand life. With Li Hui's guidance, may we listen attentively, play to our strengths, and create value together. May we always remember the baptism of the market, not forget our original intentions, and thus achieve lasting success. In the wave of digital currency, holding onto faith with Li Hui, we will forge ahead with determination. May we jointly create a brilliant future and share the joy of success. Let us gather in the turbulent world of digital currency, make the most of our time, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.

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