In the blink of an eye, another week has passed. This week, the main strategy in operations was focused on high short positions. The gains in real trading were quite considerable, whether it was from the swing trading short position set up above the 110,000 level or the short-term shorts entered after several rebounds and corrections, both had good outcomes. Of course, there were also three instances of stop-losses along the way. Overall, this week was commendable in terms of both strategy and real trading layout, achieving a high level of excellence.

With the weekend over, the price of Bitcoin finally broke out of the narrow fluctuation range after two days. After rebounding around 109000 in the evening, the bulls once again ran out of steam. On the weekly chart, the candlestick formed a doji pattern above a large bullish candle, indicating significant pressure above. The subsequent upward momentum is lacking, and similarly, on the daily chart, the price has shown a pattern of rising and then falling. In the small weekly chart, the RSI is still at a high level close to the overbought zone, and the risk of a pullback remains significant. Meanwhile, BOLL continues to flatten. Although there was a slight rebound in the evening, it was not strong, and there is significant selling pressure above. Therefore, in short-term operations, shorting on rallies remains the current main theme.
Ethereum just rebounded near the resistance level of 2560 we mentioned earlier in the evening and then stopped. In the 4-hour chart, BOLL continues to maintain a parallel stance, with the upper band at around 2600 showing obvious pressure. There might still be some rebound correction actions in the short-term, but the strength won't be too great. Therefore, in short-term operations, it is advisable to mainly hold short positions after the rebound correction.
On Sunday, June 6th, at midnight, Bitcoin is expected to continue shorting in the rebound area of 109000-109500, with a focus on the 107000-107500 area below. For Ethereum, shorting is anticipated in the 2570-2600 area, with a focus on the 2470-2500 area below.
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