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The super Central Bank week is coming, can it take off again this week? 6.16 BTC ETH strategy.
Before the latest escalation of geopolitical tensions, traders increased their bets on the Federal Reserve cutting interest rates. Although these bets slightly receded on Friday, the money market still expects the Federal Reserve to cut rates twice before the end of the year. This week is Super Central Bank Week, waiting for the Federal Reserve's decision!
On the daily chart, the weekend closed with one bearish and one bullish candle, both with long upper wicks. The Bollinger Bands are severely constricted, and after the price broke below the 20-day moving average, it has tested this level for three days without a breakthrough. Both MACD and KDJ show a death cross pointing downwards, and the trading volume has slightly increased. Additionally, the weekly chart has formed two consecutive doji candles, closing below the 5-day moving average. Therefore, without any significant bullish factors this week, it is recommended to primarily short! Key resistance levels to watch are 106300, 107500, 109000, and 110000, while key support levels are 104000, 103000, 102000, 101000, and 100000.
6.16 BTC operation strategy: Aggressive traders enter short at 106000-106300, conservative traders enter at 106700-107000, with a stop loss near 107500. The target is around 105000-104000; if broken, look for 103000-102000; continue to hold if it breaks further, depending on the situation!
6.16 ETH trading strategy: Aggressive traders short one hand at the rebound of 2550-2580, conservative traders enter at 2610-2630, with a stop loss near 2650. The target is 2500-2470-2450, with a break below looking at 2430-2400. Continue holding if it breaks further, depending on the situation!
Long position idea: During the day, buy one lot of BTC on the pullback at 102500-103000, with a stop loss at 102000. The target is around 104000-104500-105000. If it breaks, hold and watch the situation!
ETH retracement 2430-2450 for one lot, defending near 2400, targeting around 2480-2500-2540, and moving stop loss based on the situation after breaking!
Geopolitical risks are intensifying, and the U.S. is also experiencing internal conflicts. Currently, unless the Federal Reserve urgently cuts interest rates or funds continue to flow in, it will be difficult to revive the bull market. This week, we will temporarily maintain our short position at high levels; everyone should be cautious about bottom-fishing!