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Gu Jingci: 6.29 Bitcoin/Ethereum pullback, bullish outlook remains unchanged.

2026-06-29 02:06:14
Shareshare

"Wait a bit longer," "It's going to fall further," "It did fall," "It's going to crash!" These are the most common phrases I've heard these past few days. We were also bearish initially, and after the market's rapid decline these past few days, we repeatedly bought on pullbacks. Although the entry points weren't ideal, the overall trend was one of bottoming out and rebounding. However, every time the market rallies and then falls back, many people start shouting about a crash, a crash, and indeed, a crash. But in reality, the market hasn't moved; it's just been fluctuating within a narrow range. Furthermore, the potential gains from buying on dips multiple times are not small. Our long positions we initiated yesterday also provided an opportunity to add to our positions on Bitcoin and Ethereum, and the current average price is around 59,500 to 1560. Many people are greedy; when Ethereum was at 3000, they thought they must buy spot at 2000; when Ethereum was at 2000, they thought they would go all in at 1500 or 1600. But when the market actually reaches that point, they say "wait a bit longer," or "let's see." This is similar to the strategy used by many, where they profit, even making significant profits after averaging down, while others consistently suffer losses. Often, the difference between profit and loss is merely a matter of perspective. Buying on dips is generally a good strategy; the key is to time the market and capitalize on the price swings. Trading suggestions: Continue buying Bitcoin around 59000-59300, with a target of 61000-62000; continue buying Ethereum around 1550-1565, with a target of 1620-1650.

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