6.8 Morning Auntie Market 🍜 Poetry Viewpoint


Yesterday, affected by macroeconomic bearish news, it once plummeted to a low of 1503, then quickly rebounded as risk aversion eased, recovering the lost ground, ultimately closing nearly 5% higher.
Technically, the MACD shows a golden cross at a low level, confirming a short-term rebound trend, but there is still resistance around 1700.

Currently, it rebounded from a bottom at 1503.60, with a large bullish candle breaking through the key resistance at 1650, ending the short-term bearish trend.
Indicators are improving: MACD shows a golden cross at a low level with increasing red bars, indicating sufficient upward momentum, and it has broken above the middle band of Bollinger Bands. If it stabilizes above 1700, a reversal will be confirmed.

Strong resistance levels above: 1700 - 1720, with strong resistance near 1780 - 1800.
Key support below: 1650, with strong support around 1600 - 1620.

Trading Suggestions:
1. Wait for a slight pullback to around 1650 - 1660 and stabilize before entering.
Stop loss: below 1630. First target: 1700 - 1710, second target: 1750 - 1760.
2. If it breaks through strongly and stabilizes above 1700, consider a light long position.
Stop loss: below 1680. Targets: 1750 - 1780. $BTC $GT $ETH
BTC3.2%
GT4.35%
ETH6.72%
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