Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (June 13)

Bitcoin/Ethereum has been trading in a narrow range for the past two days, with the volatility gradually decreasing. The continuity of bullish and bearish trends is extremely poor, with resistance above and support below. Our strategy of shorting on rallies yesterday only resulted in a pullback, with the price reaching lows around 63300 and 1650, a relatively small move. However, since this rebound from the bottom, the lows have been steadily rising. Although the volatility is gradually decreasing and the trading range is narrowing, the market has shown some stabilization. This sideways consolidation after the bottoming out is also conducive to a clear trend. Going forward, watch for key support levels at 62000 and 1600, and resistance levels at the recent highs of 64500 and 1720. A break above these levels would open up the next trading range. Trading suggestions: Bitcoin: Buy around 62800-63300, target around 64500; Ethereum: Buy around 1650-1660, target around 1710. We're here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. The analysis and strategies provided are for reference only. Please assume all risks. The review and publication of this article may not be timely; please refer to real-time updates.