Crypto Zhongliang: 6.24 early morning BTC/ETH market outlook:

CN
3 hours ago

There is no doubt that recently the high position has been a battlefield for eating meat. Although there have occasionally been some news from the US-Iran side that caused a small rebound in the market, isn’t this precisely an opportunity for selling high? Last week, Big Cake urged everyone to short from 67200 and 66000; this week again at 65500, 64500, and 64000, all were profitable, joyful trades. Second Cake shorted from 1850, 1820, and 1800 last week, while this week he advised to short at 1750 and 1740, all in a state of complete victory. I saw in the comments that some friends said they have managed to profit, which is very gratifying! As a content sharer, having fans who engage daily, profit, and follow along is undoubtedly the greatest affirmation and encouragement for Zhong Liang! After all, a warrior fights for those who understand him, and a flower blooms for those who appreciate it. Zhong Liang only hopes that everyone can take the time to seriously look at the perspectives shared with hard work each day, be able to understand, follow along, slowly manage their hands, and gradually learn to read the market, stabilizing their heart on the right path!

At midnight, let’s simply discuss some thoughts. Firstly, the daily K-line yesterday closed as a small bullish hammer, with a long upper shadow indicating serious selling pressure above. Currently, both KDJ and RSI are turning down, while MACD bullish momentum is oscillating with decreasing volume. On the 4-hour level, there is a bearish hammer line followed by a bearish doji, with clear support below, and buying pressure has already entered. KDJ and RSI are also showing signs of turning upwards, while MACD continues to show increasing bearish volume. The hourly chart is currently in a rebound and repair mode, but the rebound strength is still insufficient. The rebound is a process, while the decline is the result; everyone must remember this! If you're like Zhong Liang, who prefers stability and following the trend, then some of the rebound trades are for observation and don’t necessarily need to be participated in! Without a rebound, how can there be an entry opportunity for selling high?

Pay attention to the resistance above at 63500 and 65000, engage in high selling around these levels, and for support below, focus on 61800, 60500, and 59500.

For Second Cake, the resistance above is at 1690 and 1780, engage in high selling around these levels, with support below at 1640, 1600, and 1550.

Our investment philosophy is first to ensure the safety of the principal, and then to promote appreciation based on value preservation. However, the market is ever-changing and unpredictable. This presents two issues: first, to reduce risk, we cannot maximize profits; second, due to market uncertainty, losses will inevitably occur at some stage. Any successful trader must adhere to strict trading principles—no holding positions, no locking positions! The survival law of the market is survival of the fittest; no one is doomed to misfortune, but a group will inevitably be eliminated by the market. The war does not provide explanations for soldiers, and investors will not receive preferential treatment just because they are weak. The big wave washes away the sand, and the ones who remain are the kings.

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