6.17 Wednesday afternoon, here’s a brief update from 🫓

The bigger the hope, the greater the disappointment. This market has always been like this—before you realize it, you can get taught a ruthless lesson.

At the moment, whether it’s Dodo or 🈳, controversy continues. The last bit of hope has been bound by the current sideways-to-volatile action. After 🫓 pushed through 670, there was no follow-through. The pullback to 650 likewise failed to break through. On the smaller timeframe, price has entered a phase of oscillation and consolidation.

Looking at the four-hour chart: after 🫓 surged and then fell back, the middle band area provides support. On the short term, the downtrend is weak with limited momentum. As long as price cannot effectively break below the middle band support, the near-term bias remains bullish. Of course, if it doesn’t break above to new highs, after a pressure test it can go directly to 🈳.

Afternoon reference: pull back to the 655-650 zone for Dodo, then look upward toward 670-680. Once it reaches the target area without extending further, you can switch back and go to 🈳.