6.17 Evening Auntie Pan🍜 Poetry Viewpoint

4-hour surge to 1839.54 touching the ceiling, then continued to oscillate and weaken, falling to around 1756.
Resistance zone above at 1790-1800, short-term rebound is difficult to break through; first support below at 1740, strong support at 1730.
Ethereum's movement is linked to Bitcoin's trend, after bulls surge high, selling pressure is concentrated and released. Before the Federal Reserve news is released, rebounds are mainly trading opportunities, not blindly bottom-fishing.
Trading suggestions:
1. Short at 1780-1795 on rebound, stop loss at 1810, target 1745, if broken down look at 1730;

2. Wait for a pullback to 1735-1740 for stabilization before lightly entering short-term longs, stop loss at 1725, target 1770.

Federal Reserve-related data tonight will directly impact the dollar trend, and cryptocurrency volatility will significantly increase:
1. Data leaning hawkish: dollar strengthens, Auntie Pan will continue to decline, profit from shorts will expand;
2. Data leaning dovish: short-term will rebound quickly, viewed only as a short-term correction, not changing the overall downward pressure trend;
3. Risk control requirements: news-driven market must reduce positions, strictly set stop losses, avoid heavy positions holding through, to prevent sudden liquidation and margin calls.$BTC $ETH