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6.14 Morning Auntie Ta Pan🍜 Poetry Viewpoint
No breaking without chasing, focus on the range!
Yesterday, Auntie Ta completed a bottoming rebound, touching support around 1631 before stabilizing and bouncing back, the 4-hour chart showed a sideways upward trend, reaching as high as around 1698, with the daily focus steadily rising, and bullish momentum clearly warming.
Currently, it is consolidating around 1679, the 4-hour MACD double lines are still above the zero line, the red histogram has shrunk but the overall bullish momentum has not fully faded, short-term in a slightly strong oscillation zone.
Support levels: 1670, 1655 (strong support zone)
Resistance levels: 1698, 1715 (extended resistance)
Trading suggestions:
1. If it stabilizes on the pullback to the 1670-1665 range, consider a light long position, target 1695-1710, stop loss below 1655.
2. If it encounters resistance and falls back after rebounding to the 1695-1700 range, consider a light short position, target 1675-1670, stop loss above 1715.$BTC $ETH