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6.11 Afternoon Aunt Tai Market 🍜 Poetry Viewpoint
Didn’t understand the bottoming in the morning? Aunt Tai 1660, is it a rebound or a trap?
Aunt Tai repeatedly oscillated between 1610-1650 in the morning, quickly recovered after probing near 1602, consistent with the expected low-level correction rhythm, MACD green bars continued to shorten, bullish momentum slowly warmed up, no effective breakdown occurred, the short-term oscillation remains relatively strong.
Currently, Aunt Tai’s 4-hour chart stabilizes around 1660, MACD has formed a low-level golden cross (initial red bars), re-approaching the short-term moving averages, bearish momentum has significantly weakened, entering a corrective rebound phase, but overhead resistance is dense, overall still in a structure of oscillation and correction.
Support levels: first 1635-1645, second 1610-1620
Resistance levels: first 1675-1685, second 1700-1715
Trading Suggestions:
1. If it retraces to stabilize within 1635-1645, consider a light long position, target 1675-1685, stop loss below 1625.
2. If it rebounds to face resistance within 1675-1685, consider a light short position, target 1650-1640, stop loss above 1695. $BTC $ETH