June 9th market diary:

"The market panic started to intensify on Friday. Is it Black Friday or a trap set by the main force?"

 

Message interpretation:

The market fell slightly again this morning, and the reason for the decline was that "Binance.US will suspend US dollar deposits, and its bank partners plan to suspend the legal currency US dollar withdrawal channel on June 13." This round of news caused the market panic to increase again, so there was a round of collective rapid decline, but in fact, in terms of today's short-term planning, the continued outbreak of bearish sentiment is not conducive to the current decline of the market;

Today’s interpretation:

All eyes are focused on the decline. The market ushered in the 28th law, and the main force ushered in the opportunity to intervene. Looking at this round of market on Friday, after this round of large volume in the morning, the price did not fall much. This round of decline is more to put pressure on long orders, lure the market short orders to enter the market, and let long orders enter the market automatically out of panic, so as to reduce the selling pressure of the upward market. Therefore, when observing the market sentiment today, we will never choose to blindly chase down, and take the opportunity to continue to take back long orders in the morning:

 

Bitcoin:

The support point of the retreat range in the morning was not broken, and the bullish turning point of the Fibonacci 0.618 golden section line is still there. After the price bottomed out, it rebounded quickly. Today's operation strategy focuses on continuing to enter long orders at the 26400-26350 line. The target point remains unchanged at 26800-27000, and the risk control points are mainly near the integer mark.

 

Ethereum:

The overall market idea is the same, but the decline is more severe. The entry point for long orders below is around 1830, and the target point above is 1870-1890. The risk control points are mainly near the integer mark.

LTC：

The price fell back to the support point of the previous range, and the bottom also received support signals again. It can be accessed at the 87 line today. Pay attention to 89-92 for a slight bullish trend, and pay attention to the 85.5 line for risk control.

ARB：

ARB does not participate in the rebound, so we can continue to look for short position opportunities at 1.15-1.18 today.