6.18 Morning Auntie Analysis Ideas


Auntie focuses on rebound highs in the morning, overall looking bearish
1. Market Review
Last night, Bitcoin's large volume drop led to a general weakening of the market, Auntie also deeply corrected, with only slight low-level recovery in the early morning. The rebound lacked momentum, with heavy trapped selling pressure above, indicating a consolidation during a downtrend, and the bearish trend remains unchanged.
2. Market Analysis
The hourly moving averages are bearish downward, with short-term resistance clearly at 1740-1760, and the price will face resistance and fall back when it rebounds to this range; support is at 1710 below, and if broken, it will further decline. Currently, it’s only suitable to buy on dips near highs, avoid blindly catching the bottom.
3. Easy Trading Suggestions
Rebound to 1740-1760 faces resistance, enter short positions, with stop-loss above 1785. First target is 1710, and if broken, hold for 1670. The current market sentiment is weak, so do not consider long positions in the short term. Always set proper stop-losses, and avoid holding or adding to positions $BTC recklessly.
ETH-0.31%
BTC-0.74%
IOST-3.38%
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