6.4 Afternoon Market Auntie Tai's 🍜 Perspective on Poetry


Afternoon Alert: 1712 Bottom Confirmed! Key levels have been updated!
The morning session continued to be weak, with the bears leading the break below the 2000 level, accelerating downward to below 1850. The latest 4-hour candlestick wick reached 1712 and then recovered, indicating buying resistance at low levels, but the overall center of gravity still remains significantly lower.
The 4-hour downward channel remains intact, with moving averages in a bearish alignment, and the main trend is bearish. MACD is severely oversold (both lines deep below zero), and a long lower shadow appears, suggesting a short-term technical rebound correction is needed.

Upper resistance: 1850, 1900.
Lower support: 1712 (today's bottom wick).

Trading Suggestions:
Strategy: Focus on shorting high, supplement with short-term longs.
1. Rely on the 1712-1720 support for light positions to catch a rebound, targeting 1800-1820, with stop-loss on a break below.
2. Wait for a rebound to around 1850-1860 to face resistance before establishing short positions, aligning with the main trend. $BTC $ETH $GT
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