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June 18 $BTC Market Analysis: There isn’t much going on with the market—if you can’t go long and short on it both, you can’t be blamed for not eating because the “dog whale” is trading
As expected by Section Chief, this week’s big pie (BTC) market is playing out as anticipated. Going both long and short is very comfortable. We previously watched for a pullback to 646, and last night it also pulled back from 663. Today, based on the chart, we’re again looking to see whether there’s a chance of a pullback to the 654 support/resistance area. If it can’t pull back effectively here, then first look for a pullback again around the trendline at about 658.
For a rebound from below, we need to watch whether the 631 level can attract liquidity for a rebound. So today’s thinking is very clear: do a pullback at 654 and 658, and you can take a small rebound at 631.
Overall, the market’s fluctuations aren’t that big, but the structure is very clear and easy to trade—just take it as the “dog whale” giving us a benefit!