6.10 Morning Auntie Market 🍜 Poetry Viewpoint


Bullish momentum is fading, and weak consolidation begins!
Yesterday, Auntie retreated from the 1721 high. On the 4-hour chart, the MACD red bars continued to shorten; bullish momentum is weakening, and the price action has returned to weak consolidation.
Auntie has pulled back from the 1721.57 high and is currently consolidating around 1639, with relatively weak rebound strength on the 4-hour chart. The MACD red bars are clearly shortening; DIF is still above DEA, but momentum is declining. Bullish strength is gradually weakening, and the short-term market is returning to a weak consolidation pattern.

Pressure levels: 1660-1680, strong resistance at 1720
Support levels: 1600-1620

Trading suggestions:
1. If the price rebounds into the 1660-1680 range and faces pressure, you may lightly consider going short, targeting 1630-1620, with a stop-loss set above 1690.

2. If the price pulls back to the 1600-1620 range and stabilizes, you may take a small position to bet on a short-term rebound, targeting 1650-1660, with a stop-loss set below 1590. $BTC $ETH
BTC-1.68%
ETH-1.93%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned