Bullish outlook aligns with expectations, boldly buy on dips! 6.16 Bitcoin Auntie's Strategy

U.S. strategic petroleum reserves have fallen to the lowest level in over 40 years. As of June 12, the reserves stood at 340.3 million barrels, the lowest since summer 1983, with a weekly decrease of nearly 9 million barrels. The U.S. and Iran will sign an agreement on Friday to reopen the Strait of Hormuz, at a time when oil executives have warned that global inventories are rapidly depleting to critical levels. No wonder the U.S. is reluctant to escalate conflicts further. Yesterday’s bullish outlook met expectations, with a buy-on-dip strategy yielding over 1,000 points on Bitcoin and 60-70 points on Ethereum. Follow along and take profits!

The daily chart shows three consecutive bullish days for Bitcoin Auntie, with the price breaking below the Bollinger middle band and the 20-day moving average, then slightly retracing. The overall trend remains bullish, so the intraday strategy of buying on dips stays unchanged. Large retracements are unlikely now. As mentioned, if you want to buy, just buy; if you're worried about leverage, reduce it or go directly into spot!

6.16 Long position strategy:

Buy Bitcoin near the current price of 66,000. Conservative traders can buy on dips around 64,500-65,000, with a stop around 64,500. Target around 67,000-67,500; if broken, look for 68,000-68,500-69,000. Continue moving stop-loss as the price breaks through, adjusting profit targets accordingly.

Ethereum near 1,790 can be bought; conservative traders can buy on dips around 1,700-1,730, with a stop near 1,650. Target around 1,830-1,850; if broken, look for 1,900-1,950-2,000. Continue moving stop-loss as the price breaks through, adjusting profit targets accordingly.

Short positions carry high risk. Personally, I think shorting cryptocurrencies is less favorable than shorting crude oil. Look to short around 85 on rebounds, targeting 80-75. If broken, slowly move stop-loss and see if it retraces to around 70. Manage positions and stops reasonably based on your own holdings!

The Federal Reserve’s interest rate decision on Thursday is likely to remain unchanged, so there’s no need to pay too much attention. The main focus now is the official signing of the agreement between the U.S. and Iran. Subsequent market support is likely from capital inflows. Be patient and wait for the bulls to erupt! #比特币反弹