6.16 Afternoon Market Analysis

Mountains have peaks, lakes have shores, on the long journey of life, all things have their turns, when we feel the aftertaste is bitter, please believe that everything will eventually turn sweet again.
Looking back at the previous market, this round of pullback and recovery did not leave much space, until midday when the retracement deepened, falling to around 65,600 and then quickly stabilizing and rebounding, currently the market is back around 66,500.
Ning Ge's early real-time long idea was to buy at 65,749 and look up, and he is still holding, patiently waiting for the market to once again rally and break higher!

From the current market situation, although the daytime phase today did not continue the previous upward trend, this round of correction did not cause much impact on the overall market.
The long-term cycle remains in an upward channel, with the daily chart already touching the midline area. As the lower band rises, the probability of continued bullish movement increases.
Once positive news supports, another wave of rally could occur.
In the short term, after a series of overnight declines, the market shifted to a pattern of alternating bullish and bearish movements with consolidation, with bearish momentum gradually diminishing.
The market shows a typical pattern of rising sharply and then retracing, with a rebound and recovery structure.
The afternoon strategy remains to maintain low buy positions for further upward movement!

BTC: Buy around 66,500, target 67,500
ETH: Buy around 1,760, #我的Gate交易时刻 target 1,850