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6.9 Evening Auntie Trading 🍜 Poetry Viewpoint
High turn! The bullish momentum has shown signs of fatigue, focus on this range tonight
White plate surges higher but faces resistance and pulls back, highest at 1721.57, current price around 1676.68 sideways, selling pressure at high levels emerges, bullish momentum continues to converge.
Auntie drops from the 1721 high point under pressure, currently fluctuating around 1670, sideways at high levels, range-bound battle between bulls and bears in the 1660-1700 zone.
On the 4-hour chart, after breaking through 1700, the price failed to maintain strength, the high point moved lower, selling pressure above becomes evident; but there is strong support around 1650, not broken yet. MACD bars continue to shorten, bullish momentum converges, indicators turn downward, bearish force may be released.
Resistance levels: around 1700-1710, strong resistance at 1721.
Support levels: around 1650-1630, strong support at 1600.
Trading Suggestions:
1. If the price retraces to stabilize around 1650-1630, consider a small long position, target 1690-1710, stop loss below 1610;
2. If the rebound faces resistance and pulls back in the 1700-1710 zone, consider a small short position, target 1660-1640, stop loss above 1725. $BTC $ETH