6.16 Afternoon Market Outlook

Good afternoon! Last night, after spiking to a high of 67,255, the market pulled back and consolidated in the early morning, touching support at 65,608 and stabilizing to rebound. The short-term correction is basically complete, and the short-term correction rhythm is becoming apparent.

Currently fluctuating around 66,100, the intraday short-term strategy leans towards buying on dips. In the morning, a dip below the 66,000 level occurred, then rebounded from 65,600. As long as there is no effective break below 66,000, the support at 66,000 remains intact.

Operationally,
In the short term, rely on the strong support around 65,600 to cautiously follow the upward trend, targeting 67,000-67,500. If it encounters resistance on the rise and shows signs of stagnation or decline, switch strategies accordingly. Keep position sizes tight and implement good risk management. $BTC $ETH #Gate现货交易量逆势增长增幅全球第一