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Continue to short Bitcoin (ETH) on rallies and patiently wait for a buying opportunity.

2026-06-23 04:37:32
Shareshare
Chu Yuechen: Bitcoin and ETH Market Analysis and Trading Reference for June 22 (Short-Term Chart, Daily Chart): BTC found support at $63,000 from a "short-baiting" move by major players, and after breaking through the $65,000 negative Gamma resistance zone, it turned from weak to strong in the short term. However, this Friday (June 26th) faces a $10.6 billion quarterly settlement, and the tail risk of derivatives cannot be ignored. My view is still to sell on rallies. We also placed short orders above $65,000 last night. We entered short positions on ETH a little too early, at $1750. They were all small profits. The liquidity in the crypto market is very poor right now, and volatility is very low. A 2000-point fluctuation in Bitcoin is considered relatively large recently. ETH is even more so, with only a couple hundred point of fluctuation over the past ten days. Our strategy remains to sell on rallies. For Bitcoin, consider entering short positions around $65,000, and for ETH, short positions above $1750. With low volatility, if your entry point isn't ideal, you can adjust your position size to raise your average price, adjusting according to your own situation. Our target remains 63,000-62,000. For ETH, pay attention to key levels; a break below 1650 would trigger a liquidation of the bullish positions. If you have any questions, see my profile, we can discuss it in our group, or you can message me privately. Also, focus on SanDisk and Micron in the US stock market. These are two companies I've consistently favored. They've been steadily rising over the past few months. I've repeatedly recommended buying them in the group.
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