6.17 Wednesday ETH Early Morning Thoughts


Early morning linked trading range fluctuated between 1750-1780, the relief rally brought by geopolitical easing is still ongoing, with 1665-1680 as the short-term core support.
Technical indicators are approaching overbought, trading volume is shrinking, upward momentum is weakening, resistance above is at 1820, strong pressure at 1850, the rebound lacks long-term capital support, and the long-term weak pattern remains unchanged.
A large amount of funds are flowing into US stocks and aerospace themes, with insufficient new capital inflow. Tonight's Federal Reserve decision is the key to the market; if dovish, it will face significant pressure.
Do not chase highs, wait for a pullback to support levels before observing further, and reduce positions before the data to avoid volatility.
Trading suggestion: wait for a pullback to 1750-1765 to $BTC buy, target 1820.
BTC-1.30%
ETH-1.73%
SOL-1.57%
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