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6.17 Morning Auntie Tai Market 🍜 Poetry Viewpoint
Long upper shadow hints at hidden risks, today's support and resistance are key points!
Yesterday, resistance above 1840 prevented chasing longs; focus on high positions, consider low longs on a pullback to key support; market confirms persistent selling pressure at high levels.
Fully follow Bitcoin's correlated movement, with resistance and oscillation at high levels, short-term weakness consolidation, smaller fluctuations than Bitcoin, mainly follow-through trend, no independent trending market.
Resistance levels: 1810-1825, strong resistance 1840-1848
Support levels: 1780-1790; strong support 1760-1770
Trading suggestions:
1. Short at rebound in the 1810-1820 range, stop-loss above 1850, target 1790-1780, break below to watch 1765
2. Stabilize on pullback to 1780-1790 for low longs, stop-loss at 1758, target 1805-1820; if broken below 1780, temporarily pause longs, wait for 1760 support to re-enter $BTC $ETH