Chu Yuechen: Bitcoin/ETH Contract Trading Reference (June 9th)

Chu Yuechen: Regarding Bitcoin and ETH contract trading on June 9th, the current rebound is characterized as a technical correction driven by short covering, and its sustainability is questionable. The core contradiction lies in the fact that while geopolitical easing provides a short-term respite, the triple macroeconomic pressures of China's comprehensive regulatory tightening, the expectation of an AI bubble burst, and the pressure of US debt refinancing exist. Hayes has explicitly stated that his fund has reduced its holdings of AI-related cryptocurrencies (HYPE, NEAR, WLD) and ZEC, retaining only BTC and ETH positions, while preparing to tactically short through derivatives. It is recommended to pay attention to whether the 65,000 resistance level can be effectively broken, as well as the subsequent evolution of oil prices and Trump's AI policy statements. In short, the current market can only be defined as a rebound. Until the price of Bitcoin rises above 65,000, it cannot be said that this round of decline is over, nor does it represent a trend reversal. Therefore, those who want to buy the dip need to patiently wait for an opportunity. As for ETH, 1500 has only just held; it may continue to fluctuate between 1500 and 1700 several times. Another important data release is the US CPI tomorrow night, which could be crucial in breaking the deadlock. Today's trading strategy is relatively simple: for Bitcoin, consider shorting with a stop-loss at 65,000. I think the ideal entry point is around 64,000, though more aggressive traders can enter earlier and average down on rebounds. Adjust your strategy based on your risk tolerance and risk tolerance. Watch for short-term support at 62,000; a break below this level would target 60,000. For ETH, follow the same strategy as Bitcoin: shorts with a stop-loss at 1750, and longs with a stop-loss at 1500. For more information, check my profile for current price orders.