6.17 Morning Market Analysis

Starting with hope, every day brings surprises. Good morning, everyone! Looking back at the early morning market, there wasn't much room given at midnight. The market stopped falling around 65,529, and the strategy provided at midnight is still profitable. Currently, the market continues to consolidate at low levels. Long positions entered can be held for further gains. As long as the support below is not broken, there is no need to significantly change the target!

From the current chart, on the daily level, the upward space has not been fully exhausted. After all, the current market is still some distance from the strong resistance level above. It was previously mentioned that a series of consecutive bullish candles signaled a new upward channel, but caution is needed for minor corrections within the bullish trend. As expected, the early morning market was a normal pullback and consolidation phase. On the four-hour level, even during the pullback, prices remain in the upper-middle band area, unable to break through the lower middle band support. The next strategy will revolve around the middle band as support, mainly looking for long positions!

BTC: Buy around 65,500, target 67,000

ETH: Buy around 1,760, #我的Gate交易时刻 target 1,850