Chu Yuechen: Bitcoin/ETH Contract Trading Reference (June 5th)
Chu Yuechen: 6.5 Bitcoin/ETH Contract Trading Reference. The market is currently in a bottoming-out phase of "narrative vacuum" and "fund clearing," and right-side signals have not yet appeared. For spot trading, everyone must be prepared with funds. Once BTC falls below 60,000, buy in stages. For ETH, just go for it when it reaches 1500. Regarding contracts, although there was a rapid rise yesterday morning, it still failed to reach 65,000. My explanation is that the price rise was due to profit-taking by short positions at higher levels, not active buying at lower levels. After this week's sharp drop, the price may fluctuate between 62,000 and 65,000 for a period of time. We should still place short orders in the 64,500-65,000 range, with a stop loss at 65,500 and a target of 63,000-62,000. We also placed a short order at 64,500 yesterday, and the profit was quite good. For long opportunities, consider a small long position near 62,000 with a small stop loss. If it falls, exit decisively. In this market situation, never hold long positions, because once it falls below 60,000, there's a very high probability it will accelerate its decline. There's no need to trade ETH contracts; liquidity is very poor, volatility is low, and price levels are not reliable. Focus on trading Bitcoin contracts first. For spot trading, look for buying opportunities between 1500 and 1300. If you'd like to discuss trading strategies, check my profile; I'll provide timely strategy guidance and current price orders.