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6.9 Midday Auntie Ta Market 🍜 “Poetry View”
Is the sideways consolidation at high levels an “air refueling” or a “spike up and then pull back”?
This morning, anchored by a strong sideways range between 1680–1720 at the high end, using sideways movement to digest profit-taking, the market is currently holding steady at the 1688 midpoint, accumulating strength and preparing to move.
With Auntie Ta’s 6.8 big bullish candle establishing a bullish advantage, it is currently consolidating sideways within the 1680–1720 high-level range box. “Using sideways to replace decline” shows strong follow-through. Although MACD momentum is weakening and needs time to digest profit-taking, it is still holding above the 1688 midpoint line. Key resistance to watch is at 1720–1725.
Pressure levels: around 1720–1725.
Support levels: around 1660–1670.
Trading Suggestions:
It is recommended to add positions near the 1670–1675 support area on the pullback. Set the stop loss below 1660 to guard against a false breakout. The first target is around the previous high at 1720. If it breaks out with increased volume, you can hold and look toward 1750. $BTC $ETH $SOL