6.18 Morning Auntie Trading 🍜 Poetry Viewpoint


Closely following Bitcoin's synchronized plunge! Auntie's high point at 1848 faces resistance and weakens!
Yesterday, the same prediction for Bitcoin at high levels faced resistance; avoid chasing longs and focus on short positions; the market followed Bitcoin's downward trend, dropping to a low of 1720, and the linked decline fully confirmed the forecast.
After a four-hour rally, continuous bearish candles suppressed the price, with weak bullish rebound momentum, and the high points kept moving lower. Currently, at 1743, a slight recovery from oversold conditions.
Overall, maintaining a high-level pullback pattern, with no independent strong trend in the short term. Operations should focus on capturing the high and low points of the range, avoiding repeated trades in the middle.

Resistance levels: 1760-1770, strong resistance at 1790-1810
Support levels: 1730-1740, strong support at around 1720
Trading Suggestions:
1. Lightly short on rebounds in the 1760-1770 range, with a stop loss above 1795, targeting 1740-1725. If support at 1720 breaks, look towards 1708; consider partial profit-taking on dips.
2. After a pullback to 1720-1730 and stabilization, re-enter long positions with a stop loss below 1705, targeting 1755-1765; if 1720 is broken effectively, pause trading and wait for 1690 support to stabilize before going long. $ETH
ETH-2.35%
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