June 16 Midday Auntie's Market View 🍜

Prices surged then pulled back, entering a short-term correction and recovery cycle!
Early prediction: profit-taking after the surge, no chasing high, watch for pullback at high levels, as the market unfolds as expected.
After hitting 1848, it declined with consecutive bearish candles, bullish momentum exhausted, all long positions at high levels are profitable.

4-hour chart, surged then pulled back to 1762.60, highs continuously moving lower, short-term correction begins;
Persistent bearish candles suppress the market, rebounds face selling pressure, short-term bears are favored;
The long-term bullish trend remains unchanged, short-term overbought conditions need correction, overhead selling pressure is heavy.

Resistance levels: 1785-1800, 1825, high at 1848
Support levels: 1750, 1730, 1700
Trading suggestions:
1. Light short positions on rebounds between 1778-1785, stop-loss at 1802, target 1750, break below targets 1730;

2. Consider adding long positions if it stabilizes above 1730 after a pullback, stop-loss at 1718, target $BTC 1760-1775.